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MERCHANTS’
HUNT’S
REPRESENTING THE INDUSTRIAL AND
MAGAZINE,
COMMERCIAL INTEREST! JF THE UNITED STATES,
SATURDAY. MARCH 6, 1875.
VOL. 20.
•NO. 506.
confined to firms known as
doubtful, but these disasters are fewer than w^s antici¬
THE CHRONICLE.
pated, and they are in most instances traceable to the
231
The Debt Statement for March.
The Mercantile and Financial
Question
227 Reserves of the National Banka 232 mischievous habit, now happily less popular than it was
-Dec. 31, 1874
Currency Contraction and the
French Indemnity
-228 Latest Monetary and Commercial
of withdrawing capital from business and investing it
232
English News
Congress and Arkansas
229
Commercial and Miscellaneous
Financial Review of the Month
in some outside speculation.
The men who follow this
234
News
of February
230
THE BANKERS’ GAZETTE.
exploded and perilous policy are coming to grief, hut the
236
Banks, etc
Roney Market, U. S. Securities,
239
great majority of our mercantile and industrial firms
Quotations of Stocks and Bonds
Railway Stocks, Gold Market,
240
New York Local Securities
Foreign Exchange, New York
are
earning the reputation of keeping their money in
Investment and State, City and
City Banks, Boston Banks,
241
Corporation Finances
Philadelphia Banks, National
theii business and of avoiding the allurements of specu¬
THE COMMERCIAL TIMES.
lations foreign to their proper calling.
249
If this conserva¬
Commercial Epitome
245 I Breaostufts
250
Cotton
246 | Dry Goods
tive policy can he fixed and diffused among our indus¬
trial community it will he a rich mine of wealth cheaply
$ 1) ronicU.
purchased by the convulsion of credit and the loss of
The Commercial and Financial Chronicle is issued on Satur¬
capital incident to our last panic.
day morning, with the latest news up to midnight of Friday,
Secondly, there is * another circumstance favorable to
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE.
the revival of our domestic industry in the lower price
The Commercial
Financial Chronicle, delivered by carrier to City
of labor.
In Mr. Thos. Brassey’s hook on “Work and
subscribers, and mailed to all others:
For One Year (includingpostage)
$J0 2)
For Six Months
Wages” some instructive facts are given showing the
610
Subscriptions will be continued until ordered stopped by a written order obstacles which high wages raise in the path of national
at the publication office.
The Publishers cannot be responsible for Remit¬
tances unless made by Drafts or Post-Office Money Orders.
progress. With admirable clearness, Mr. Brassey demon¬
Advertisements.
Transient advertisements
published at 25 cents per line for each strates that high wages do not always imply dear work,
insertion, but when definite orders are given for five, or more, insertions, a
because some men at the same task labor better and are
liberal discount is made. No promise of continuous publication in the best
place can be given, asall advertisers must have equal opportunities. Spec;al
worth more. From this he deduces two principles.- First,
Notices in Banking and Financial column 60 cents per line, each insertion.
London Office.
that if high wages do not cause men to do more and
The London office of the Chronicle is at No. 5 Austin Friars, Old Broad
street, where subscriptions aie lAken at the following rates:
Annual Subscription to the Chronicle (including postage)...
£2 2s. better work, society is injured and material progress
Six months’subscription
1 3s.
impeded. Mr. Brassey’s second rule is that this injury
william*
dana,
t
WILLIAM B. DANA & CO., Publisher*.
FLOYD, JR. j
79 and 81 William Street, NEW YORK.
may he diminished if labor-saving inventions are stimuPost Office Box 4 592.
lated, so that the iron-handed Briareus shall do well and
A -neat tile-cover is furnished at 50 cents ; postage on the same is 20
cheaply the work refused by inefficient human labor.
cents. Volumes bound for subscribers at $1 50.
t^"* A complete set of the Commercial and Financial Chronicle—July.
These axioms, suggested by Mr. Brassey, are capable of
1865, to date—is for sale at the office. Also one set of Hunt’s Merchants’
Magazine, 1839 to 1871, sixty-three volumes.
being applied to our industrial position.
Among other
The Business Department of the Chronicle is represented among
facts which they suggest, we only insist on this: that, as
Financial Interests in New York City by Mr. Fred. W. Jones.
labor is now cheaper in this country than for a number
h^ve recently occurred
CONTEHT6.
....
'
and
or
are
„
b.
JOHN U.
rn.
THE MERCANTILE AND FINANCIAL
QUESTION.
Congress having now completed its work for
sion
our
hankers and commercial
men
are
this
ses¬
able to look
certainty to the future. With both
the question is, whether the rates of
interest are likely to rise and whether the existing
monetary quietude promises to continue. This important
inquiry and the hopes it embodies depend upon a number
of conditions, some of which are beyond our foresight,
while others can more easily he submitted to examina¬
tion.
Among the latter class a prominent place is
claimed by the present state of business credits. We
forward with
these
more
classes,
continuing our investigations of some of the impor¬
hearing on mercantile credit throughout the
country and the result of our inquiries, though in some
respects less favorable than. we had hoped, is on the
are
tant facts
whole
encouraging.
Not only are the failures
which
obstacle of great magnitude has been
the path of industrial and financial
recuperation. And this circumstance may he expected
to have the more force inasmuch as the use of machinery
and ol labor-saving inventions has reached among us an
extent of development unsurpassed in almost any other
Thirdly, there is also another suggestion
country.
which we must not omit to mention—namely, that every
failure which takes place among our mercantile firms
removes from the commercial community a Aveak mem¬
ber, whose presence has for some months, perhaps for
years, caused trouble in his immediate vicinity.
Just as
conservative surgery amputates a Avithered limb, and
thus starts a new impulse of health and vitality through¬
out the most distant parts of the body, so in the indus¬
trial organism, when a weak and withered member is
cut off, the whole community is the better for the loss,
of years past, an
taken away from
THE
228
CHRONICLE.
[March 6 1875,
of a less negative br, three claim special attention just now. First, it
elucidates the principles of currency contraction.
In
character in the financial situation. There is, for exam¬
France, when the war began, in July, 1870; the note
ple, the familiar fact that our forty millions of popula¬ issues of the Bank of France amounted to $251,000,000.
tion throughout this Continent are practising economies
These notes were not a legal tender, and the reserve of
which have too long been out of fashion among us. The
specie amounted to $229,000,000. At that time, there^
savings banks of Massachusetts have just published their
fore, every ten millions of notes rested on nine millions
annual reports, and we find that notwithstanding the
of gold. This was the condition of the currency at the
suffering and disaster of the past year, the lYfksavings outbreak of hostilities in the summer of 1870.
banks of that State have increased their deposits to
In August of that year the legal tender act was
$217,452,120 for the year 1874-5, against $202,195,343
passed, and specie quickly disappeared from the circula¬
for the year 1373-4, $184,797,314 for the year 1872-3,
tion. The expenditures of the war were enormous, and
$163,704,077 for the year 1871-2, and $112,119,016 for its
disasters put the credit of the government to a severe
the year 1870-1.
In other words, the savings banks of strain. After ten months of reverses never paralleled
Massachusetts have nearly doubled their deposits during
in the military history of Continental Europe, peace
the last five years, and last year their aggregate was
was restored 10th May, 1871, and in the following month
greater than ever before. AYe might cite similar facts the first Bank statement
published after, the peace
from other States, if they were necessary to illustrate the
reported the b^ink notes at $442,000,000 and the specie re¬
energy with which the spirit of economy is at work
serve at $110,000,000. Thus, while the legal-tender paper
It is more to the purpose, however,
among our people.
money had risen from 251 millions to 442 millions, the
to trace out the probable effects of this frugality on gen¬
eral business and on the money market. On the one specie reserve had fallen from 229 millions to 110 mil¬
lions. Hence the paper currency, which was supported
hand, this general economy helps to account for the fall¬
before the war by nine millions of gold for every ten
ing off in our importations of many costly articles of millions of
specie, was found after the war with a basis
luxurious extravagance, and, on the other hand, it tends
of no more than two and a half millions of gold to ten
to increase that plethora of unemployed capital which is
millions of notes.
AAThat was chiefly remarkable, how
one of the most notable facts in the money market,
that the currency did not depreciate, and paper
where it has recently compelled those of our banks that ever, was
continued very nearly at par with gold. The greatest
pay interest to put down their rates on deposits to three
depreciation was reached four months after the peace, in
per cent.
Sir R. Peel once told an eminent French
November, 1871, when gold rose to two and a half pre¬
diplomatist that “ in England one person in five spends mium for a short
time, though it soon returned to par,
But there are
other hopeful features
his entire* income or
earnings, while in France only one
where it lias since remained.
The highest level of the
forty spends all lie gets, while the other thirty-nine
make savings.” How true this estimate may be at pres¬ paper issues, reached 19th November, 1873, was $602,500,000, and the specie at that date was $146,200,000.
ent, we cannot tell. It is sufficiently complimentary to
That is, every dollar of gold had to support four dollars
France to be adopted by some of her “ optimist ” writers
in
explanation of the wonderful force with which
French finance has responded to the lavish extravagance
as
an
M. Arictor Bonnet also cites it
explain the elasticity of the popular wealth in France
under the financial pressure of the last four years.
AYithout canvassing this question further, we may
accept the principle as proved that the most important
prospects of recuperation after our panicj rest on the
economy which such a disaster seldom fails to develop
among an intelligent, thriving people.
On the whole,
the answer that our industrial condition would seem to
suggest to the inquiry with which we set out is that as
the legitimate demand for money can only increase with
the increase of business, and as this revival promises to
be slow but steady, the rates of interest do not seem
likely to be much enhanced under the approaching April
payments. Except something unforeseen should occur
to disturb the tranquillity of the financial movements,
the rates are not expected to rise quite to the level of
seven per cent, as is proved by the favorable terms on
of recent
governments.
to
which
some
time-loans have been lately
AVall street.
negotiated in
The enlargement given to the volume of the
note issues seems to have had no effect ’whatever for the
depreciation of the currency, which remained at par
with gold throughout this extraordinary expansion.
Since the period just referred to the currency has been
contracted, and with great rapidity.
By the latest
returns we find that on the 11th February the circula¬
tion stood at $514,838,842, and the specie reserve at
$292,105,422 ; so that at present the note issues are sup¬
ported by 56 per cent of gold.
These figures throw a flood of light on the difficulties
which have perplexed our currency theorists. M. AYo¬
lowski applies them to the solution of these difficulties in
his peculiarly .lucid manner.
Ilis chief conclusions arc,
first, that the circulation of the Bank of France, though
so enormous, was carefully restricted to the level of the
specie currency which it displaced. As fast as coin disap¬
peared from the channels of the circulation, new notes
were poured out to take its place,
Thus the level of the
currency was kept up, but the monetary channels were
never allowed to overflow.
Secondly, the immense loans
and expenditure of the war required temporary addi¬
of paper.
volume of paper money.
These additional issues did not stay out longer than their
tions from time to time to the
AND THE FRENCH INDEMNITY.
numerous essays on the man¬ temporary purpose required, for the simple reason that
efficient precautions wrere adopted by the Bank and its
agement of the currency and of the finances of France
during and since the payment of the German indemnity, branches throughout France, with a view to retire these
is that of M. AYolowski, which appeared in the Journal supernumerary notes and to keep the active circulation
Thirdly, M. AYolowski insists upon
des Economistes for December, 1874. This essay deserves at its normal level.
to be generally studied in this country for the light it the importance of an ample gold reserve.
Indeed, it is
ousts on several important questions of financial imlicy. in no small part due to his influence in the Chamber of
AYe are glad to learn that a translation of it will shortly Deputies and elsewhere, that the conservative policy of
be published from the pen of Mr. Balch, of Philadelphia. the Bank in hoarding its large reserve of specie has been
Of the many points of interest in this pamphlet, two so long and so effectively kept up.
CURRENCY CONTRACTION
One of the best of the
Maorli
229
THE CHRONICLE.
6, 1875.]
During this session, the country has been kept con¬
topic discussed by this writer con¬
stantly on the rack. First, the finances were fear¬
cerns the financial expedients by which so vast an amount
fully disturbed by an unnecessary agitation ending in
of capital was transferred by the French Government to
the passage of an act, the final effect of which it would
the Imperial Treasury at Berlin. The London Times, in
puzzle the wisest man in the country to determine. One
an admirable critique on M. Wolowski, discusses this
The second great
process of liquidating the debt of France
interesting study, but it is not until he reaches
brochure that M. Wolowski appears to remember
dation was, after all, in great part only apparent.
The
to Germany is
the close of his
that this liqui¬
France had to
pay 220 millions sterling; but what does this mean ? The annual
interest of the Indemnity may be taken at ten millions sterling,
and if the war had been closed by an engagement on the part of
France to pay an annual tribute of ten millions to the Emperor of
Germany, no one would have thought the newly-imposed burden
above the powers of the vanquished nation. The taxation under
the Empire had been heavy, the losses of capital through the
direct operation of the war had been considerable, but the re¬
sources of Frenchmen were still capable of bearing an addition
to the national expenditure which might be estimated at an
eighth or a ninth added to the taxation heretofore sustained. The
Indemnity was not paid in the form of a tribute, but it will be
instructive to contemplate the way in which Prince Bismarck
might have dealt with such an annuity if he had consented to
receive it. He might have come to the English creditors who had
lent money to Germany during the war and have offered to alien¬
ate to them a proportional part of the French annuity in consid¬
eration of their foregoing their claims. He might have assigned
other portions to German citizens who had subscribed to War
Loans in liquidation of their claims on the Imperial Treasury.
He might have offered to French citizens holding the securities of
other countries io exchange for these securities a portion of the
obligations of their own country at the market rates of equivalent
prices. By means like these the Prince-Chancellor might have
disposed of the greater part of the hypothetical annuity of ten
millions, distributing it about the world, without using a single
thaler or franc in coin to complete the transaction. And, in truth,
an
what was done was in its
it will inflate; another, it will contract; another,
it will make money easy; still another, that an extremely
tells
question as follows:
essential features the process we
described. The French nation did not grant
an annuity of ten millions, but it offered it
have
the German Empire
us
market must be the result. Each one of
these positions we have seen as clearly and absolutely
proved as the Q. E. D.’s of Euclid. Can business prosper
vyitH such uncertainties surrounding it ?
Then again, for one instant, think of the crudities and
heedlessness displayed in the tax discussion and legisla¬
tion. Early in the season the tea and coffe trades were
agitated and excited on the apparently official statement
ttat the tax on those articles was, without doubt, to be
rb-imposed. No sooner, however, had all dealers made
close money
their arrangements, as prudent men would, on the
of that fact, than they are suddenly informed
neither is to be taxed,
basis
that
and tea drops six to eight cents
merchant and crippling
per pound—ruining many a
others. Then is introduced an
act, which is
passed by
affecting
and unsettling very many trades; and yet about every
man of any prominence in fiscal matters in either House
votes for it under protest, while the very committees
reporting it withhold from it their approval. Alas for
the rarity of Congressional sagacity under the sun.
And then again what unwisdom has marked the dis¬
cussion and much of the legislation with regard to the
both
Houses, of the most incongruous nature,
for sale in the Euro¬
instalments ; and when we
purchase-money was col¬ South. We need as a business restorative (if for no
in Paris, London, Berlin,
Amsterdam, and Frankfort, and transferred to the German Treas¬ higher reason) to have peace and confidence once again
ury, we find that at least five-sixths of the whole was accounted resting upon that entire section.
It is an imperative
for by a series of debit and credit entries, involving no actual
And
transfer of coin. The feat was a triumph of banking. It showed necessity in the present condition of the country.
how the use of money may be economized.
yet we see acts proposed and some passed which can
The transfer of $1,000,000,000 of securities is certainly only tend to unsettle and disturb; and one act in partic¬
“a triumph of banking.”
This, however, is a very small ular (called the Force bill), passing one House and at¬
part of the long series of financial adjustments necessary tempted in the other, which every man in the country
for the complete settlement of the indemnity. Prince (outside of Congress), with perhaps here and there an
Bispaark, as we have more than once explained, would exception, condemns in the strongest terms.
Still Congress has done one thing, besides adjourning,
accept no promised annuity such as our contemporary
suggests. He demanded gold. He would have the whole for which the country will bless it; in fact, it is such a
sum paid down in coin, or in commercial bills.
Two good act, and one so needed under the circumstances, that
difficulties were thus raised. First, France must create it will lead the people largely to forget other errors.
commercial bills or buy gold to the amount of $1,000,000,- We refer to the passing of Mr. Poland’s Arkansas reso¬
000.
Secondly, this unprecedented payment of gold or lution. That poor State has since the war been badly
commercial paper had to be so carried out as not to dis¬ used and grossly misrepresented. With rulers forced
turb the productive industry of France.
The best part upon it, having no interest in the prosperity of the State,
of M. Wolowski’s essay is that in which he discusses these but only intent on their own aggrandizement, the most
two difficulties, for the appreciation of which his large unscrupulous measures have been taken to give currency
experience in connection with practical finance in Paris and life to the idea that any honest man was not safe
admirably qualify him. One of the chief defects of his within its borders. And while this false cry was kept
work is, that it is written in an over sanguine spirit, and up to occupy the attention of the country, these same
omits to inculcate government economy and adminis¬ officers were busily engaged drawing from the people
trative retrenchment, which, to a foreign reader, seem to all they dared by taxation, then borrowing all they
be among the most important lessons suggested by the could and appropriating to themselves the proceeds.
indemnity payments, and by the war of which they were Finally, it seems, as often happens, the rogues fell out
the bitter fruit.
In this country, the chief value of and almost atoned for their past guilt by giving
the essay consists in its suggestive and lucid treatment honest citizens an opportunity to assert their rights.
of the important currency questions which it briefly
As a result, there is now in Arkansas a State gov¬
passes in review.
ernment respected by the people, apparently honest
CONGRESS AND ARKANSAS.
and studying the true interests of their own common¬
It is humiliating to feel that the adjournment of Con¬ wealth, while every one is happy and safe in the enjoy¬
ment of all his rights.
This is proved by the report of
gress is looked upon by the entire mercantile community
the committee of which Mr. Poland is chairman, even if
as the blessing of the year. What is there in the position
of a Congressman or in the atmosphere of Washington there were no other evidence; but aside from that, every
that so largely takes away one’s common sense ? Seldom business man, who has any connection with the South, is
are practical business
ideas exhibited, and in late legisla¬ satisfied that all this is true.
Suddenly and unexpectedly, however, a plan appears
tion they are absolutely ignored.
pean markets, the prices to be paid in
follow up the processes by which the
lected from the syndicate of bankers
to
forming to overturn this government by
first official intimation we have of it is in one
be
The
force.
of the
active General who went to
months since, and was not
manifestoes of that very
ever
“
last
overturning State governments.
shall hear of
we
appointed receiver of the Toledo Wabash &
defaulted on its intereet this month.
The agitation of the question of commissions on purchases and
sales of stocks, the default of the Toledo Wabash and Western
Company, the revival of bills in Congress to regulate telegraph
companies, the antagonism between some of the leading Western*
trunk lines, the hostile legislation in Wisconsin, and finally, thef
repeal of the extra subsidy of the Pacific Mail Company, had a
depressing influence on the market for railway and miscellaneous!
shares, and prices declined 1 to 8 per cent., chiefly in Wabash,
Pacific Mail, Western Union, Northwest, and St. Paul, and C.
C. & I. C. There was a subsequent recovery of 1 to 5 percent.,
but this was partially lost at the close.
Union Pacific displayed
exceptional firmness, owing to the large earnings of the road*,
the circular issued by the President of the Company to the bond¬
holders showing its steady progress, and the favorable report a
J.
he saw nothing but
Banditti.”
But finally and chiefly, the purpose is
developed in a message sent to the Senate two* w*eeks
since in reply to a request for information with regard to
Arkansas affairs. That such an act should be among the
possibilities of the future is truly alarming, and the
House of Representatives have done the country good
service in so emphatically putting their seal of disappro¬
bation upon the entire scheme. We trust this will be the
“
favorable report of the Government directors.
Pacific issues thereupon reached the highest prices
made, and the transactions were unusually large. Mr.
holders and the
The Union
Orleans about two
afraid ” to stay there, although
New
[March 6 1875
CHRONICLE.
THE
230
day for that kind of work has passed. Public
opinion is very decidedly averse to it, and this action of
the House leaves no possible excuse for any one who
shall hereafter either directly or indirectly take any part
in any such act.
The
D. Cox was
Western
Railroad, which
directors.
the Government
r
MONTH OF FEBRUARY.
The principal events in the month of February were the fears
of
“squeeze” in cash gold, resulting in a complete demoraliza¬
tion of the foreign exchanges ; and the depression on the Stock
Exchange, occasioned chiefly by the failure of* the Wisconsin
Legislature to modify the Potter law; and the repeal by Congress
of the Pacific Mail subsidy.
The monetary situation underwent
important change, notwithstanding a decrease in the net
reserve of the banks from $15,994,400 to $9,420,525, there having
been a heavy loss in both specie and legal tenders.
From both
FINANCIAL REVIEW OF THE
a
Railroad Stocks. Open.
Chicago & Alton
do
pref...
Chicago, Burl. & Quincy
demand for money
borrowers, the
abundant at former quotations,
viz.: 2(5:3 per cent.
Commercial paper was quie;., rates remaining
at 4@8 per cent for leading grades.
Some failures which occurred
among mercantile houses had no perceptible effect on the market
beyonfd inducing a closer scrutiny of names.
Secretary Bristow issued, on the 1st instant, a call for $15,000,000 five-twenties of 1862, $12,000,000 coupon, and $3,000,000
registered. Governments were firm at the beginning of the
month, but later were unsettled by the irregular course of gold
and the foreign exchanges, which ultimately led to importations
of bonds from abroad.
This movement being checked, had, in
connection with the steadier feeding in gold, a strengthening
effect at the close. The changes, as a rule, were very slight.
was
very
limited, and the supply
GOVERNMENT SECURITIES IN FEBRUARY, 1875.
Coupon bonds.
,
5s ’81 fund. 6s’81 6s’81 5-208 5-208 5-2i)s 5-20s 5-20s 5-20S 10-40s 10-408
1864l. 1865. 1865. 1867. 1868. re#, coup.
Feb.
coup.
ret;, coup 1862
CLOSING
PRICKS OP
6cur.
.
.
new.
119#
Ill# 119# 120
115# 119# 120%
115# 119# 120#
115# 119#
..
.
115# 119# ....
1
2
3
4
5
6
....
....
7
8
11!#
9
115#
115#
115#
115#
10
11
12
13
118#
118#
120# 119#
120
119#
119# 119
118#
115# 117#
116
m#
....
...
116# 118
116# 118
116#
....
....
....
116#
116# 119#
117
119#
....
119#
119#
117
....
...
....
119# 119#xll3#
113#
119#
120# .... 111#
120
114#
120
g
120
120
114# 117#
118#
120
119# ....
120
1»8# 119# .... 114#
119# 120#
lift#
118#
119# 120# 116#
118# 119# ... 114# 117# 119#
119# 120#
117#
119# 118# 119# ....
1!9# ....
118# 119# 119#
116# 117#
119
.
-
•
....
•
•
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•
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...
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....
....
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.
.
.
.
....
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-
-
.
....
....
....
14
..
lib
15
16
17
....
19.
20
21
32
..
...
....
116# 119#
117# 119# 113# 119# 119#
117# 119#
.
.
119# 119#
116# 119#
118# 119# 119#
116#
-..
119# 119# 114
117#
119#
114#
119#
116#
....
....
....
....
....
114# 118# 120
114# 118# ....
118#
...
....
•
•
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•
.
.
.
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....
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.
.
.
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.
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....
...
..S
..
23
24
25
26
27
118#
115
115
..
....
119
118#
Ill# 118#
114#
.
Chicago, Mil. & St.
do
do
do
do
do
104#
Paul
....
109#
pref.
38#
58#
47#
& Northwest’n
do pref. 62#
& Rock Island. 103#
Cleve.,Col., Cin. & Ind.. 69#
Cleve. & Pittsburg guar. 88#
9#
Columb., Chic. &Ind. C.
Del., Lack. <fc Western.. 106#
Dubuque & Sioux Cit?..
Erie
do
preferred
N. Y. Cen.
Missouri
Panama
Pitts., F. W. & Chi.guar
Renssalear & Saratoga..
Rome & Watertown....
St. L., Alton& T. H
do
do
116# 117#
....
....
...
.
.
•
116#
....
....
....
•
•
•
•
Holiday
118#
119# 118#
119# 118#
118#
118#
....
....
....
119# ....
119# ....
110# 119#
119#
....
119#
119
....
(!)
A
A4
....
....
.
.
.
.
.
.
.
.
116#
li9
....
>
128
127#
102
97
-
98
80#
.
.
,
.
98#
.
96#
72#
82#
3
96
129
102#
137
3
95
129
2
101
133
26#
69
65
46
110#
93#
77
77
8
78
25
27
27
27
25
25
24#
2i#
24#
24#
14#
32
37#
32
89#
95#
12
4
102
137
28
65
47#
110#
98#
....
33#
39
79#
43#
29#
79#
43#
19#
30
19
7#
8
33#
Quicksilver
do
pref
44
98
Adams Express
American Express
United States Express..
62#
57
79#
116#
Veils, Far^o Express...
Canal
2#
100#
2#
98
98
74#
75#
72#
72#
40
40
40
70#
42
17
245
64
58#
3#
7#
.
.
.
40
95#
131#
70#
•
.
97#
132
112
98
102#
138#
29#
66#
48#
113#
98#
111
lit
48
•
•
102#
137#
28#
66#
•
•
•
95#
131#
3
101
137#
n
.00
97#
132
3
1C1#
138#
24
25
59
*60#
44#
43#
111#
97#
111
112
98#
111
73#
26#
25
23
8
26
20
24#
15#
24#
17#
24#
24#
11#
20
20
10
14
38#
93#
41#
96#
38#
93#
40#
96#
35
30
35#
37#
28 *
30#
34#
28
24#
21
74
24#
74#
28
21
75#
70#
73#
42#
43
43
17
17
17#
42
17
245
64
64
5#
7#
28
24:#
64
62
5#
9
98
99#
63#
99
79#
78#
3
100
111
....
3
33
39
57
....
•
33
40
62#
.
78
33
40
118#
100
29#
129
3
98
35
44
65
65
82
102#
21
8
26
20
92#
8
129
19#
27#
127#
22#
30#
78#
87
3#
....
•
8
26
23
92#
245
68
64
129
100
3
98
•
78#
20
36
36#
67#
Mar’p’sa Land & Mng Co
do
do
pref
26#
•
8
26
38#
21#
30
59
Canton
26#
52
103
64
73#
77
24#
15#
20#
38#
36#
19
245
Maryland Coal
Pennsylvania Coal
Spring Mountain Coal..
46
29#
3
.....
pref
46
28#
51#
39#
‘
8
78
32#
51#
114#
98#
93
74#
....
%
8
....
77
128
•
....
4
46#
114#
93#
Western Union Tel
Consolidation Coal
59
82
111
63#
59#
84
111
247#
250
64
64
62
64#
7#
9
35
40#
102
64
60
87#
114
5*
‘
9
32
36
99
63#
56#
84
no#
18
24
42#
17#
250
64
64
6#
9
34#
40
102
63#
57#
85#
114
considerable excitement in the gold mar¬
heavy losses of bullion by the Bank of Eng
time there was
first, owing to
land, which led to a
ket ;
28#
34#
69
pref
108#
21#
30#
American District Tel..
Atlantic & Pacific Tel..., 19#
a
•
21#
29#
102
lU tscellaiieoiift.
Pacific Mail
For
•
•
64
92
28
3
Union Pacific
Warren
....
108#
...
46
44#
58#
103#
18#
3
96
Tol., Wah. & Western..
Del. & Hud.
106#
.
105
32#
46
58
....
8
82
So. L.,Iron Mt.& South.
St. L.. K. C. & N., pref.
do
.
.
103#
32#
51#
39#
51#
1C2#
63#
90#
4#
90#
6#
no#
57
8
m
8#
108#
37#
57#
103#
63#
91#
8#
103
110
38#
58#
47#
60#
106#
65#
92#
8#
no#
37
44#
43#
56#
102#
63#
88#
98
12#
12#
107#
102#
109
109
109
109
36
57
52
N.Haven & Hart. 133
32#
Ohio & Mississippi
pref.
.
105#
112#
,
51
do
do
Pacific of
9#
108#
,
,
53
26
129
&H.R
93
,
.
53
Missouri, Kuns. & Tex..
Southern...
71
.
Michigan Central
New Jersey
New Jersey
103#
.
108
29#
....
Morris & Essex
no#
39#
59#
48#
62#
.
the
98
15#
108#
107#
112#
15#
28
do
pref.
128
Harlem
102
Illinois Central
Kansas Pacific
96#
Joliet & Chicago
Lake Sho. <te Mich.South 80#
Louisville & Nashville.
Marietta <te Cin.,2d pref.
.
....
9S
98
14#
107#
105#
14#
105#
104#
17#
107#
105#
and
;-4<?
—Febriuary—
Open. High. Low. Clos.
.
Clos.
30#
25#
34#
Hannibal & St. Joseph..
....
119
115
18
118# 119#
118#
—Januiiry.
High. Low.
Albany & Susquehanna
Atlantic & Pacific pref.. 16
Central of New Jersey., 105#
no
mercantile and Stock Exchange
.
will show the opening, highest, lowest
closing prices of railway and miscellaneous stocks during
months of January and February:
following table
The
belief that gold would be drawn from this
country; and second, by the fear of a “ squeeze ” iu cash gold,
which afterwards proved to be a very small matter. The price
advanced from 113£ to 1154, hut fell hack to 113| on the nonadvance in the Bank of England rate, which gave assurance that
altogether, the market presented no special feature. As usual,
loss of bullion was not looked upon by the managers in a
the principal dealings were in Missouris and Tennessees.
Rail¬ the
serious light. The explanation of the outflow of bullion from the
road bonds were continuously active. The bonds of the Pacific
Bank of England was subsequently found out to be the result of
railroads attracted even more attention than usual because of a
subscriptions to a municipal loan in Paris, for which the amount
proposition made by these companies to pay annual instalments
of bids reached forty-two times the sum asked for.
When cash
to the Government on account of the subsidy bonds, which
proposition, however, was not sent to Congress Jon account of & gold was made so scarce that borrowers paid as high as 1-16 per
diem for its use, gold responded with a rise to llof, but the clique
lateness of the session, and subsequently by the circular issued
soon unloaded* and the price dropped to 1144, the decline having
by the President of the Union Pacific Company to the bond¬
28
...S
115# 117# 120# 113# 119# 119# 113# 116# 119#
Open’# 114# 119# 120
114# 117# 120
120# 119# 120# 120
High’st 115# 119# 120# 116# 118
113# 116# lift
Lowest 114# 118# 119,4 115# 117# 119# 118# 119# 119#
119
116# in# 119# 118# 119# 119# 114# 116#
Closing 114# 118# 120
In State bonds there were short spells of activity, but, taken
1^75.1
March 6,
1873.
assisted by the pre payment by the Treasury of the March
interest without rebate. The Treasury did not sell any gold this
been
month,
c.
COURSE OP GOLD IN FEBRUARY,
13
a>
"3
Date.
£
a>
Q,
o
O
1875.
Ml
o
a
O
ts
a
Date.
■a
a
’3
*53
.S3
o>
WJ
o,
o
5
O
o
23,111% 114%; 114% 114%
Monday
1 m%!ll3% 113% 113%i [Tuesday
Wednesday. 24 114% 114% 114% 111%
Taesday
2 118%:H8%jll4% 114
Wednesday... 3 114%!ll4% 115* 114%' Thursday... 25 114% 114%!114%!114%
26 114% 111% li4%;114%
Thursday... 4>114%!ll4% 114% 114%; Friday
5;i14%ill3%|ll4%
Friday
Saturday
Sunday
Monday
Tuesday
6
7
—
—
Saturday
Sunday
114%
H4%jll4 1114%
...
114% ;li4%
8 114% 114%
9 114%Tl4%
Wednesday.. 101114% 114%
Thursday ....11 114% 114%
68.5-20,13
13 114% 114% 114% H4%!
14,'
|
.
113% 113% 115%! 114%
112%
111% 111%'H3
i 114% 112% 115% 114%
1109% 109% 111 110%
-111%, 110% 1112%; 110%
(121% 115% 121%; 115%
136%! 130% 136%jl31%
|140% 139% 144 >141%
135% 135%; 110% 134%
140% 135% 1140%; 136
1872
1871
1870
1869
1868
•
Saturday
Sunday
Monday
Tuesday
28
1875.,
1874.
Feb.
1-14% 114%
114% 114%
114% 114%
12|114% 114% 114% 114%
Friday
..27jlll% 114%,114% 114%
.
iii%!
15 114%I114% 114%
1867....
16 114% 114% llc.% 115%
1866
Wednesday 17 115%!114% 115% 115
1865
201%! 196%;216%;202%
Thursday... 18 115% 114%|U5% 115
1864
157% 157%'161
159%
Friday
19 114%!ll4% 114% 114%!' “
1863.
157%: 152% 1172% 172
“
Saturday... .20,ll4%|114%!ll4% 114%!
1862.
103%| 102% 104% 102%
Sunday
....| ....
!S’ce Jan. 1.1875'112% 111% 115% 111%
Monday
22|
..iHoli day.
exchange market displayed firmness at the beginning of
the month, in consequence of the heavy losses of bullion by the
Bank of England and a general'expoctation that an advance in
the rate of discount would be made. The increased dearness of
cash gold, which of course summarily checked the demand for
sterling, completely demoralized the market, and rates were
reduced from 4.85}- to 4.80 for long, and from 4.88£ to 4.83 for
demand, with actual business still lower. The market became
steadier when cash gold was in better supply, and a recovery to
4.83^(24.87 ensued, although the business was light and the
demand restricted by the fears of a possible renewal of the move¬
ment to make cash gold dear for daily use.
STERLING EXCIIANGK FOR FEBRUARY,
60
4.89 (3*4.89%
4 8»%@1.90
4.89%® 1.90
4..4 86 @4.86% 4.89 @4.89%
5..4.35%@4 86
4.88%@4.89
6. 4 85%@4.86
4.88%@4.84
“
“
“
“
“
“
“
“
“
“
“
“
8..L85
44
“
@L86
'
‘@L89 ’
4.88
.4.85%@4.86%- 4.88%@ 1.89%
10..4.84%@4.85% 4.8T%@4.38%
14
...
.
...
| for
5-20,
mon.
Monday
Tuesday
Wednesday...
Thursday....
Friday.
Saturday
Sunday
4*
Monday
8
’65
o.
1' 92%'108
2 92%! 103
3! 92%' 108
5|
6
7
Tuesday
9
Wednesday.. 10
Thursday
11 •
Friday
121
Saturday
13 (
Sunday
14|
15
Monday
161
Tuesday
Wednesday ..17!
Thursday.. ..18
the
8....
Holiday
22
4.S6-@4.86%
24..4.82%@4.83
25..4.82%@4.83
26. 4.82%@4.83
27. ,4.82%@4.83
4.86 @4.86%
4.81) @4.86%
4.86%@4.87
“
“
S
28
Range. 4. SO
ANT)
U.
8. SECURITIES AT
@4.87
Authorizing acts.
Character of Is ie.
July 17,1861, and Feb. 12, 1862
Demand notes
Feb. 25 and July 11. ’62. and March 3. ’63..U. S. legal-tender notes
Certificates of deposit
July 17, 1862
Fractional Currency
Fractional currency
5,000).Certifs. for gold deposited
March 3, 1863, and June 30,1864
March 3, 1863(iu $20,50,100,500,1,000
4.83
@4.90
*08
'103
107%
107%
104%
105
105
105
105
!
,
Friday
.
Saturday..
'Sunday
Monday...
...
.19
.20
21
..22
.23
.
1
| 5-20,
mon.|’(i5
||
1867.1
,108
for
Date.
5-20,1
o. 1867.
92% 1107% 1107%; 102%
Excjhang
e clo
sed.
.
93% 1107% 107% 102%
93
! 107% 107 H 102%
93
1107% 107% 102%
93
!l07% i !07% 102%
108 !107% 102%
26!
92% 107%! 107% 105% Friday
107% 107% 1103
92% >107%; 107% 105% 1 Saturday.... .27
28
92%! 107%: 107% 105% | Sunday
92%! 107% 1107% 105%
92% 107% 107%! 105%'
104%
92% 108 ! 108
92% 107%'107%' x2%| Opening
105%
....!
....I ...•! Highest
93%; 108 |108
92% 107% 1107% 102%
92% 107% 107%; 102% I Lowest
93
107%i 107% 103
92% !107% 107% 102% Closing
105%
92%; 107% 107%; 102% High’t. I Since 93% 108 1108
92% 107% 107% .102% I Lowest j Jan. 1. 91 %! 107% 107% 102%
1
Tuesday.
92% 107% 107% 105%; Wednesday.. 24
Thursday ....25
.
$72,147
332.000,000
45,855,(00
)
>
$19:,101,511
Recapitulation.
Debtbbabing Interest
in
Amount
Outstanding.
$1,151,992,500
Coin—Bonds at 6 p. cent
Bonds at 5 p. cent
TntprAst
Antere8t
572,137,750
$1,724,130,25!) $26,('80,710
Total debt bearing Interest in coin
Debt bearino Interest in Lawful Money—
Certificates at 4 per cent
Navy pension fund, at 3 per cent
$678,000
14,000,000
Total debt bearing interest In lawful money
Debt on which Int. has ceased since Maturity
Debt bearing no Interest—
Demand and legal tender notes
Certificates of deposit
Fractional currency
.
Certificates of gold deposited
$14,678,000
8,779,670
83,530
243,673
$332,072,147
45,355,(XX)
44,904,934
22,269,400
$195,101,511
Total debt bearing no Interest
Unclaimed Interest
Total
am q<sq
41*yui*5,:>3
22,269,400
Aggregate ot debt bearing no interest
18,794
$2,242,689,431 $26,426,738
,
principal and interest, to date, Including interest due not
presented for payment
$2,269,116,170
Total debt,
$75,626,033
10.319,0j7
Coin..
currency
Special deposit held for redemption of certificates of deposit as
provided by law.
45,855,000
*13’,800.181
2.137^i5,989
2,143.996,172
Total
Debt, less amount in the Treasury, March i, 1875..
Debt, less amount in the Treasury, Feb. 1, 1875.. .
$6,630,163
ast mouth.
Decrease ot debt during tne past
m
Decrease of debt since June 30. 1874
$5,772,251
Bonds Issued to the Pacific Bailroad
Companies, Interest
Payable in Lawful Money.
Character of Issue.
ConsU. S.
5-20,110-40 i!
$243,673
Amt. outstaad.
June 8.18?2
4.86%@4.87
LONDON IN FEBRUARY.
Cons U. S.
Date.
1875:
@4.83%
@4.83%
23..4 82%@4.83
44
4.86%@4.87
OF CONSOLS
TRICKS
19..4.83
20..4.83
21..
4.84%@4.85%
4.83 @4.83%
4.86%@4.87
4.86%@4.87
4.86%@4 87
.S
15..4.83%@4.84
debt,
$3,779,670
Interest.
Amount in the Treasury—
“
“
11..4.83%@4.84% 4.87 @4..87%
12..4.83%@4 81
4.86%@4.87
13.. 4.83% @4.84
4.86%@4.87
The
on
Debt Bearing: no
3 days.
41
9.
CLOSING
at
“
S
7..
“
1875.
60 days.
Feb. 16..4.81 @4.82%
“
17..4.80 @4.80%
“
18. 4.83 @4 83%
3 days.
days.
1..4.86%@4.S7
2..4.86%@4.87
3..4.86%@4.87
“
Which Interest Has Ceased Since Maturity.
Principal Interest.
4 to 6s, Bonds
$57,665
Matur’d at vari’s dates prior to Jan. 1, ’37.
$64,174
85
5s, Mex.indem
Matured at various dates iu ’51 and ’52...
1,104
6 s,Bonds
22
1,250
..Matured Dec.31, 1867
223
3,100
6s, Bounty Lscp....Matured July 1. 1849
172,000
9,300
5’s, Texas indem.. ..Matured Dec. 31, 1864
5s of 1858
Matured after Jan. 1, 1874
19,000
625
10,000
5s, Bonds
Matured Jan. 1,1371
61,775
6s, 5-20s, (called)....Matured Dec. 1.’71, and Mcli. 7 & 20, 72..
7,675,750
82,575
2,670
l-lO@6sTr. notes....Matured at various dates from ’38-M4....
206
1-10(368Tr. notes....Matured at various dates in ’47 and ’48...
6,000
950
57
68. Tr’y notes
Matured at various dates iu ’48 and ’49...
105
1,900
3<36’8, Tr’y n’s
Matured at various dates in ’58 and ’59...
378
3,150
6’s, Tr’y notes
Matured March 1,1863
7 3-10’s, 3 years
17,100
1,201
Matured Aug. 19 and Oct. 1,1864
8.454
5s, one year
63,345
Matured at various dates in 1865
3,217
5),"00
5’s, 2 years
Matured at various dates in 1866
884,170
77.037
6's, Com. int. n’s....Matured June 10, ’67, and May 15, ’68
7 3-10’s, 3 years
Matured Aug. 15,1867, and June 15 and
211.450
16.175
July 15, 1868
313
5,000
6’s, Certif. of ind....Matured at various dates iu 1866
256
3,060
4,5 & 6’s. Tern. 1
Matured Oct. 15,1866
394
5,000
3s, Certifs. (called).Matured monthly since Dec. 31,1870
Debt
.
The
Feb.
231
THE CHRONICLE
Amount
outstanding.
Central Pacific
Kan. Pac., late U.P.E.D.
Union Pacific Co
Cen. Br’h Un. Pacific..
Western Pacific
Sioux City and Pacific...
Interest
accrued
and not
27,236.512
yet paid.
$258,851
61,030
272,3L5
1,600,000
1,970,560
16.000
19.705
1,623,320
16,283
$25,885,120
6,303,000
Interest
Interest
paid by
Balance of
repaid by
United
States.
of mails, &c.
$10,251,144
2.914,8)3
11,067 229
733,803
663,263
633,354
$1,164,605
1,380*51!)
8,129,494
31,924
9,367
8,203
int. paid
tfansp’tion by United
States.
$9,086,238
1.531,483
7,937.735
701,'-83
6>3,896
625,650
Total Issued
$64,623,512
$616,23> $26,264,102
$5,724,214 $20,539,588
The Pacific Rail- oad bonds are all issued under the acts of July 1, 1862. and July
2,1864;they are registered bonds, In denominations of $1,000, $5,000 & $10,000 ;
bear six ner c >nt interest in currency, payable January 1 and July 1, and mature
from their date.
30 years
.
...
Northern Pennsylvania.—Much interest was
lately excited by
the sale of 80,8i)0 shares of stock of this road, which forms a sec¬
tion of the new line between Philadelphia and New York.
The
stock was held by the city of Philadelphia, and the Inquirer
gives the following as the facts: Mr. John Welsh, one of the
Commissioners ot the Sinking Fund, stated that about three or
four weeks sgo the stock was sold to Messrs. A. Pardee & Co., E.
C. Knight, Franklin A. Comly and others.
It is payable one
quarter annually in city loans at par, free of tax, with six per
cent
as
interest from the first of
to
January last.
To another question
whether the sale would unseat the city directors in the
North Pennsylvania Railroad Board, Mr. Welsh replied that he
did not see how that could be done, as the stock will not be trans¬
ferred until the payment is made. "To bind the agreement the
THE DEBT STATEMENT FOR MARCH, 1875.
following is the official statement of the public
from the books and Treasurer’s returns gentleman named gave as security $100,000 worth of North Penn¬
close of business on the last day of February, sylvania Railroad stock. The stock is not sold at a specified
price, but is to be paid for at its face value in bonds of the city,
at par.
This makes the valuation of the stock at the present
Debt bearing: Interest In Coin.
as appears
Authorlz-
Wlien
Pay’ble Registered Coupon.
Julie 14.’58.... 1874
(e)$260,000
4,660,000
Feb. 8,’61....1880 (f) 13,785,000
(<7)945,000
6s. Oregon War
Mar. 2,’61. ...1881
m
479,0 H)
«8of 1831. July 17and Aug. 5, ’61 ...1881 f 125.842.350
6s,5-20’s, of 1862
Feb. 25, ’62.... 1882
8,823,951- 97,200,200
6s of 1881
...Mar. 3, ’63 ...1881
53,677,901 2l.3.‘2,;00
5s, 10-409..5
Mar. 3, 64 ...1901
141,362,750 53,203,550
Mar.3, ’61....1884
6s,5-20s,of 1861...
946,600
of 1864
Jane30,’64....1884M 25,299.500 32.746.700
Mar. 8. ’65.... 1885
33,772,100 118,76;,250
57.731,93d- 114.881.15C
1865, new....Mar. 3, ’65....1885
83,409,650 222.213,100
1867
Mar. 3, ’6>....1837
Character.ot Issue. JngAcr.
5s of 1858...
Is of 1881
Interest Accru’d
Overdue. Interest.
*
(a)$i, 166
27,909 (a) .81,150
7.799
(a) 9,450
3 >5,670 (a) 1,833 213
...
63.160'(6)2,12 »P83
115,230 (r/)750.000
169,415 (c)4.361,157
2,579
(6)18,932
22,466 (6)1,160,924
30fi,70'> (6)3,050,687
1,076, 59 (a)2,026,63l
1,500,391 (« 3,106,2-27
186,191 (a)S74,740
1,143,842 (d; 1,572,131
market value of city
6s about $52 3?£ per share.
Philadelphia & New York.—The Bucks County (Pa.) Intelli¬
gencer says : “ In last week’s Intelligencer brief mention was made
of the fact of a heavy railroad mortgage having been placed on
record in the office of the Recorder in Doylestown. This mort¬
which bears the date of July 10, 1874, purports to be given
Philadelphia & New York Railroad Company, for the sum
of eight hundred thousand dollars, to secure the payment of
bonds to that amount which have been issued by the company.
25,380,500
11,093,500
6s,5-20s. 1868
Mar. 3. ’65....1888
This company, it is stated, was organized under the act of Legis¬
197,907.25) 179,404,200
?s,Funded Loan, 1831. July 14, ’70
1881
lature of Pennsylvania, approved on the 4th of April, 1868, and
A-KKregate of debt bearing inter’t in coin. 76i,962.500 962,167.750 4,946,817 21,133,898 the supplement thereto, approved the 8th of June, 1874.
By vir¬
(a) Interest payable Jan.& July. (6) May & Nov. (c) March & Sept., except
coupons $50 & $100 paid annually in March, (d) Feb., May, Aug. & Nov. ie
(e) Re*. tue of the powers and privileges contained in this act and sup¬
$5,000; coupon fJ.OOC. If) Ueg. 1,000, $5,000, $10,000; coupon $1,000. ( ‘
‘
plement, the said, company, it is further stated, is now engaged
$50,$500
$100
&
*$500. (6) Keg. $50, $100, $500, $1,000, $5,000 & $10,000; coupons, $50,! ?)100,
by the
•
of its railroad from a point within the city of
Philadelphia eastwardly to r^ooint of connection at the New Jer¬
sey State line, on the Delaware River, at or near Yardleyville, in
Bucks County. The property on which the mortgage is given is
the line of raihoad above named,
in the construction
$1,000.
Debt Bearing:
Interest in Lawful Money.
Principal
S’s,NavyDenslon..Act Iuly23,’68..Int.only appl’d to pens’ns. 14,000,000
4a, CertlPs
gage,
of indebtedness.. Act July 8,’70..Due
In 1875
Aggregate of debt bearing interest In lawful money
Interest.
70.(100
678,000
18,560
$14,678,000
$83,560
THE
232
[jvtarch 6, 187 5
CHRONICLE
NATIONAL BANES—DECEMBER 31. 1871.
the State of tiie Lawful Money Reserve of the National Banks of the United States, as sliown by the
reports of tbeir condition to tli© Comptroller of the Currency, at the close of business
on December
1874. Five per cent
Classification
Held.
of Reserve 31,
U. S.
RESERVES OF THE
Table of
,
Number
'
64
Maine
New Hampshire
43
42
Vermont.*
Rhode Island
Connecticut
New York
New Jersey
62
HO
16,905,239
51.266,988
62
19,650,223
30.868,194
1,675,084
2,241,197
451,114
..
.
159
11
IT
1
20
IT
11
Delaware
Maryland
District of Columbia..
Virginia
West Virginia
North Carolina
South Carolina
Georgia
1
9
10
a
62,277
1,141,025
1 403,703
218,844
Alabama
Texas
Arkansas
39
4,320,771
26
159
5,116,606
23,603.375
14,462,045
16,951 513
8,427,558
5,118,740
.
Kentucky
Tennessee
Ohio
Indiana
Illinois
125
77
43
Michigan
Wisconsin
Iowa
Minnesota
Missouri
Kansas
Nebraska
Oregon
California
Colorado
657.770
79,651
32,827
1,853,032
1,635,909
7,916,360
5,501,377
6,517,360
2,727,659
1,704,326
3,163,787
1,403,283
1,220.620
019,016
707,491
3,540,500
2.169.307
-
2,842,727
1,204,134
767,811
1,481,930
*1,704,014
2.515,395
f326,577
377,309
47,927
805,931
517,354
2,707.327
319,516
261,331
192,437
38-1.305
693,950
400,099
708,765
279,557
368,363
39.199
28.805
-
1,797
$302,773,764
$15,487,042
$103,592,105
51
$60,283,198
$10,570,799
$19,850,722
Albany
29
17
14
4
7
Philadelphia
Pittsburgh
Baltimore
Washington
New Orleans
Louisville
Cincinnati
14,248,128
1,574.430
6,743.307
740,-104
8,713.409
4,495.359
25,085,174
2,178,352
1,123,840
6,271,293
17
3
Chicago
Detroit
7
Total
New York
1:0
43
2
City
Francisco
Includes circulation.
of California
3.454.791
863.693
502,875
7,250,173
625,719
2
4
Milwaukee
St. Louis
$199,933,705
*$0,178,323
378
17.810
321,324
57,920
441,908
16.301
512,710
415,407
89,552
30,876
40,705
620,357
36-4
42 8
32*0
33 5
38 0
3P4
32-4
33 3
32 0
28-1
33 5
27-1
262
37*2
'
164
7,534
449.318
25,976
85.502
180,650
36,345
922,071
1,156
19,501
521.917
20.368
320,9.58
350,412
32,900
610,707
954,619
3,687,706
24.969
755,447
345,591
118,035
57 6
33,831
103,620
10,i88
11,912
232
115
28,473
7,825
4,703
115,100
$1,992,383 ~
$7,451,816
$2,191,011
2,165,000
4,801,141
1,481,142
2,451,249
326,365
889,325
312,530
11,822
510,771
69,570
41,200
.
.....
10,000
•
•
•
•
892.112
•
732,920
20.000
124,500
271,595
•
•
•
•
•
495,190
288 898
169.053
5,000
•
.
•
e
.
«
.
.
w
.
,
.
.
.
,
.
105,412
62,800
45,000
11,250
•
2,250
12,870
$11,892,708
$5,284,303
$3,605,000
$1,315,872
522 233
645.000
5,331,136
2,209,155
1,556,400
3.610, (XX)
100,000
320.350
230,101
58,859
1,758,012
359,695
47,250
515.000
142,861
159,750
113,500
119.900
39,502
730,000
1575,759
2,401,155
604,762
375,570
920,215
7.563
935.000
55,918
32,562
12,034
5,370,265
637,798
378.668
35,000
|19,516
1,109,620
270,000
$20,563,852
$20,894,399"
90,915
006,135
965,000
1,701,744
$3,332,458
•
$820,000
3.053
$15,851,155
•
29,700
4,500
13,500
2,700
4 500
401,011 r
30’3
9,250
290,699
1432,975
10,000
10,0.0
5,000
14,230
$20,553,818
34 0
•
$34,952,061
33,187
339,170
•
•
•
-
1.400
$53,935,013
548,674
1,183,593
65,591
94,856
11,250
148,863
92,929
91,350
90,450
111,375
2,250
20,000
10,000
424,400
127,185
33,223
39,361
161,007
25,000
590,000
$10,300,000
$22,490,000
248,315
67,050
22,500
66,600
$3,087,293
$1,355,063
$1,257,765
20 4
San Francisco is 25 per cent on circulation and 15 per
Gold Banks outside of
35,920
304,3h3
50,913
299
41'7
34 2
35*2
39 8
38 6
41*9
314
36 1
36 9
34 5
3b‘9
32 9
33 0
$1,257,705
114.352
64.000
256.503
10,520
34-2
$60,593,617
9,728
6,890
536.012
281.813
311.278
10.694
557,502
339,609
1,411,144
616,048
15,971
602,211
5,000
415,000
40,000
35,000
779,410
1,605,652
-
27,701
1.258,819
236,716
•347,519
1,677.758
662,485
905,611
.
.
230,COO
2,522,639
2,542,689
1,202.419
65,785
19,495
1,211,847
21 ’G
$70,497,421
65,78263,640
3,27‘,760
2.172,178
3,402,690
$396,82.3
122,000
3,189
17.078
46 9
-
177,530
238.810
1.056,822
8,665,683
1,342,772
823,772
2,391,951
$51,789,506
$49,033,441
$1,544,582
$207,158,024
379.708
30-7
37 0
930,641
3,145,990
1,812,543
3,683,323
1,886,193
.3,747.084
18.G09
65-6
75-9
,
1.539,600
252,116
45,965
53,180
37,299
607,369
2.901.614
385,053
1,920,613
663,730
360,200
■
fund.
Deposils.
$5,COO
244,279
311 315
2,826 126
5
141,610
29,391
74,587
$440,430
311
35 7
5,671,574
9
6
Cleveland
10,953,843
2,940,968
3,562 032
393,009
1,685,842
6,308,284
of
703,987
364,092
3.431,970
14,999.183
4,149,834
2,000.564
8.212,255
43.815,372
11.787,373
22,219
5,265,924
8,562,770
5,239,809
4,212,349
315,062
42 8
22 6
280
359
13-8
19 6
74,108
937,535
990.929
1.693,048
31 5
36 8
53.955
1
5
137.701
$1,861,870
1,002.416
redemption
Certificates
Legal
Tenders.
Specie.
$25,231
11,530
Agents.
29 9
871,610
177,428
150,575
49,493
10,190
183,586
Due from
Redeeming
4C7
38-2
32 1
40G
27 9
39-5
3P7
55*5
20,655
11,116
140,630
Cities.
t Reserve
861,989
40,824
865,822
210,555
2,562,031
2
2
1
1.001,559
791,775
323,880
349,638
9,342
171,154
4
Idaho
Dakota
Montana
*
872,026
345,930
421,090
112.757
Wyoming
San
1,311,059
786,945
751,717
Utah
New Mexico
Reserve
Boston
68,117
5,372,899
3,619,029
o
.
330.179
9.879,573
10
..
578.501
823,728
194,359
251,263
so
32
28
21
10
1
.
Total
4,630,229
2,330,917
100
7,790,728
14.324,889
7,760,641
9,211,200
2,917,534
2.807.204
2,159,237
3,018.654
1,423,472
2,535.780
7,793,048
5,813,506
2,306,199
12
13
Florida
1,494,971
1,715,750
10,278,265
4.0:34.722
221
Pennsylvania
$2,782,354
350,409
627,704
26,898.145
9.489,815
169
Massachusetts
required.
$1,014,416
Deposits.
$6,762,771
3,012,728
4,185,090
Banks.
Territ’s
States and
Reserve
Held.
Reserve
of
Ratio
of
Reserve.
40-4
49 1
cent on deposits.
.E
Catest ftlanctarn
HA fKS
KYCHANOK AT
OF
(fimglisl) Nerog
aitir Commercial
AT
existed, and the arrivals from
LONDON, AND ON LONDON
LATEST DATES.
EXCHANGE AT LONDON—
FEBRUARY 19.
EXCHANGE ON LONDON.
i
i
■
LATEST
ON
RATE.
TIMS.
-
date.
Amsterdam...( 3
Berlin.
....
Cadiz
Lisbon
New York
3 months. 25.40
11.35
20.09
20.09
..
.
32.1 IX*-32
90 days.
3 months.
4 6
....
i
i
!
Valparaiso
3 mos.
1i1 * 20
short.
1
20.51
20.51
Feb. 19.
•
33^
3 mos.
I
•
•
1
1|
.,
....
...
•
•
Feb. 19.
Jail. 16.
60
90
Jan. 14.
•
•
•
days.
days.
•
days.
Calcutta
....
Shanghai
..
....
...
1.S\ 10 1-16(1
lit. 9'
15-16@10(>.
4 .s’.
0)4 d.
5*.
6%d.
4s.
0%d.
Alexandria....
Sydney
.
.
#
•
...
i
•
....
.
•
....
....
Hong Kong...
$1 83>s
1 2GS£
5O^@50X
....
....
....
....
00
..
..
|
....
•
25.15
<<
....
.
19.
44
i
i
.
3 mos.
short.
4
Feli.
13-16.
48x<gosx
52^@52&
27.90@28.00
27.90@28.00
27.90@23.00
....
.
4
••
•
Buenos Ayres..
Pernambuco ..
Montevideo...
....
,
....
Rio de Janeiro
Bahia
Penang
Singapore
@20.73
@20.73
....
Frankfort
St. Petersburg
Milan
Genoa
Naoles
25.15
short.
Paris
Paris
Vienna
11.69
25.15
20.36
short.
44
©25.42V
©20.73
©25.25
©25.45
©11.40
20.69
Hamburg
Feb. 19.
Il.i3^@ll.l4>;
short.
months. 25.37^
Feb.
Feb.
Feb.
Feb.
18.
16.
18.
18.
U. 10 %d.
18. 10 7-16(1.
4/f. 2d.
5s. 9d.
6 mos.
....
Feb’
.
.
.
17.
.
3
mos.
.
.
'%
....
.
.
[From our own correspondent.]
London, Saturday,
has been increasing of
Feb. 20, 1875.
late, and as not
the Continental, but also the American exchanges
are adverse to us, the directors of the Bank have decided on ad¬
vancing the minimum rate of discount to
per cent. The move
ments of the precious metals during the week have not been
important; but a moderate demand for gold for export having
only several of
better demand for money, the total of
increased by £1,222,G39.
Several firms have regretted that tlie directors of the Bank did
not at once advance tbeir terms to four per cent.
Considering
bow low in price money has been of late, and that the leading
foreign exchanges are against us, such a course would seem to
have been preferable : but tlie mauagement of the Bank consider
that they have, in the interests of tlieir proprietary, pursued the
It lias been with a view to retain a full share of
correct course.
tlie discount business in progress that they have advanced their
terms so slowly ; but,at the same time, it may be maintained that
“
experienced
other securities ”
with
a
a
having been
cent rate, even if they did less business, they
reaped larger profits. It is true that last month
entirely under-bid by the open market, and procured, in
four per
the
would have
Bank
was
but at that period
which is much less the case
consequence, scarcely any discount business;
there was a superabundance of money,
is now of a much more satisfactory
character, and although the directors have not ventured upon an
increase of more than one half per cent, in their charges, the
now.
....
The demand for money
but
shows, in consequence, an increase of £3G6,850 in the reserve;
as the liabilities of the Bank have been augmented, the propor¬
The
tion of reserve to them has fallen from 4l£ to 41§ per cent.
Bank has
i
|
Antwerp
RATE.
TIME.
abroad having been limited, a
parcels of gold have been withdrawn from the Bank.
There has been a moderate return of coin and note3 from provin¬
cial circulation, and the Bank return published during the week
few small
The demand for money
probability is that a movement to four per cent, will
delayed. General business, though not active, is
The rates of discount are
Per cent.
3)4
Bank rate
Open-market rates:
30and 60days’bills
3 months’bill*
....
improving,
capi*
employment for floating
now as follows:
and there is, in consequence, more
tal.
not be loDg
S%@3)4
3^<©3tf
Per
months’bank bills
6 months’ bank bills
4 and 6 months’ trade bills.
4
cent.
March 6,1875
]
The rates of interest allowed
count houses for
deposits
are as
by the joint stock banks and disfollows :
Per cen
jolntstock banks
following
rates of discount at
the
are
1
2#©....
2)6®. ..
256® ...
2)6®....
Discount houses at call
Discount houses with7 days’notice
Discount houses with 14 days’notice...
The
the
cities
leading
Bank
Bank Open
rate, market.
3)6
Berlin
Frankfort
Vienna and Trieste....
Madrid, Cadiz and Barcelona
4
2%
Bremen
3)6
2/4
Leipzig
4)6
4)6
Genoa
1 Geneva
6
6®S
1 Copenhagen...
4
5)6
5© 5)6
Brussels
3
3
■-....
Annexed is
4)6
5
Antwerp
cent.
and
Rome
8
Lisbon and Oporto...
Petersburg
St.
market
per cent, per
Turin. Florence
3)6
Hamburg..
Open
rate.
per ceut. per cent.
4
3K
Paris
Amsterdam
....
3*
4
5
3)6
4)6
3)6
5® 5)6
5@ti
3)6
! New York.
....
..
6)6
Calcutta
...
statement
1873.
£
1874.
£
1875.
25,178,074
13,674,499
25,376,387
7,788,394
IS. 106,523
19,910,812
18,946,028
13,380,874
22,208,784
26,019,044
6,196,080
18,365,308
13,898.607
17,606,815
18,800,241
14,318,652
15,450,498
12,783,398
10.199,872
23,795,417
1871.
1872.
Circulation, including
£
bank post bills
23,782,251
Public deposits
8,577,521
Other deposits
19,741,451
£
Government securities. 12,915,911
Other securities
20,261,146
Reserve of notes and
coin
13,778,743
Coin and bullion in
both departments.... 21,861,793
Bank-rate
2)4 p. c.
Consols
24,873.327
10.419,163
19,468,895
13,995,444
91)6d.
..
53s. lid.
7 ll-10d.
Upland cotton
No.40 mule yarn fair 2d
English wheat
Mia.
£
13.595,034
25.278,593
22,781,383
20,862,992
3 p. c.
3)6 p. c.
31.7 p. C.
92)6 d.
92)j| d;
92)6 d.
3)6 p. c.
92)6 d.
55s. 7d.
56s. Sd.
11)6(1.
9Xd.
8d.
7 11—16d.
Is. Id.
Is.
Is. 3d.
la. 4d.
quality
Is. 0)6d.
Clearing House return. 71,407,000 134,842,000 143,202,000 131,827,000 144,902.000
There has been
a
amounts have been
fair demand for
taken
Paris and New York.
out of
gold for export, and moderate
the
Bank for transmission to
held by that establishment
being £50,000,000. An early return to specie payments is looked
forward to in consequence ; but at present the government appears
resolved not to adopt hasty measures, and, it is presumed, intends
that the change shall be a complete and effectual one when it is
adopted. The market for silver and dollars has been quiet, with¬
out material change in prices.
The following are the quotations
:
GOLD.
BarGold
Bai Gold, fine
Bar Gold, reflnable
s.
per oz.
per oz
per oz.
....
s.
silver.
73
76
8 ®
4)6®
d.
per oz..none
Five Franc Pieces
here
portion in Broadway, which is held under lease for a
£79.623 11 6
33,000 0 0
8d. per dollar
Interest at 6 per cent, on £550,000
Surplus
£46,628 11
•
6
author¬
subscriptions to an issue of £1,030,000 six per
cent, of sterling bonds, of £100 and £200 each, of the Western
Union Telegraph Company of the United States. The price of
issue is to be 87 if paid in full on allotment, or 874 p9r cent, if
paid in instalments, extending to the 2Gth of April next. The
bonds are to be redeemed at par by tlie year 1900. This issue
has been authorized for the purpose of providing means to re¬
deem bends of the Company maturing in the course of the pres¬
ent year, amounting to $4,448,900, and to that extent does not in¬
Messrs. Norton, Rose & Co. also announce that
they
are
was
Calcutta, and £400,000
on
India
was
....
been
Company.
somewhat severe, and now presents
last year.
Tlie
following figures show the
produce into and from the United
from September 1 to the close of
corresponding periods in the three
d.
IMPORTS.
on
on
was on
Bombay.
prominent feature has been a steady
demand for investment for the first mortgage bonds of American
railroad companies at a further advance in their value. Other
departments have been rather quiet, and prices have been some¬
what irregular; but the British railway shares, in consequence
of favorable traffic returns, have been firm on the whole.
Messrs. McCulloch & Co., Messrs. Roberts, Lubbock & Co.,
Messrs. Williams, Deacon & Co., of this city, and Messrs. John
Stuart & Co., of Manchester, announce that they are authorized
to receive subscriptions
to an issue of £550,000 real estate (New
York) first mortgage bonds, bearing interest at 6 per cent, per
annum.
The price of issue is to be 95 per cent., and the bonds
are to be redeemed at
par in ten years. The prospectus states that
that the property upon which this loan is secured was valued by
Mr. Homer Morgan, Messrs. E. H. Ludlow & Co., and Mr. Rowland
R. Hazard, Jr., estate agents in New York, in December last, at $5,295,000. The principal part of the property is situated in Wall
street, Broad street, Exchange place, and Broadway, near the Stock
Exchange, and is occupied by bankers, brokers, and insurance
offices, &c. The remainder is principally occupied by large
mercantile houses. The property is freehold, with tlie exception
Exchange
a
Barley
Oats
Peas
Beans
950.965
1,124,615
Indian Corn
Flour
6,188,615
3,591,064
1873-4.
1872-3.
1871-2.
21,284,019
4,442,749
23,972,953
21,481,367
8,607,844
4,443,80!)
422,157
4,718,512
2,472,678
7,355,993
3,069,646
1,213,991
10,792,236
3.377,846
5,767 814
4,548,256
441,768
1,743,977
9,370,236
700,975
.
1,659,386
EXPORTS.
Wheat
1,473,813
Barley
72,042
Oats
Peas
Beans
Indian Corn
Flour
56,076
7,738
2,081
78,302
85,770
11,550
1,048
82,931
1,934,648
117,809
5,756
27,858
11,350
68,476
4,159
5,510
782
1.758
15,671
11,475
18,398
85,197
The
following figures from Messrs. Sturge’s Birmingham Cir¬
prices of wheat at foreign ports at the close of
cular show the
the last two years :
....
Wednesday.
£700,000, of which £300,000
1874-5.
Wheat
p.
....
....
held
imports and exports of cereal
Kingdom since harvest—viz.:
last week, compared with the
previous years :
....
indicated.
weather has
quite a wintry appearance. The month of January was remark¬
ably mild, and vegetation was then making premature progress.
The present cold weather is acting, therefore, beneficially in re¬
straining the undue development of the crops. With regard to
the young wheat plant, the accounts are favorable ; but, in con¬
sequence of tlie heavy fall which has taken place in prices, and
to the remunerative result attached to the barley crop, the former
will be leas extensively cultivated, and a larger breadth of land
placed under barley and other feeding stuffs. The wheat trade
has been dull during tlie week, and it has been found difficult to
effect sales of any magnitude, except by submitting to lower
prices. The quantity of wheat estimated to be afloat to the
United Kingdom is 1,548,120 quarters, against 1,G3G,600 quarters
....
Tenders on Calcutta at
15 lGd. received about 11 per cent, and on Bombay at
1-lGd about 31 percent.
No material change was therefore
In the Stock
the indebtedness of the
The
••••
....
peroz
periodical sale of bills
The amount allotted
s.
standard flat. 4 9)6
®
Gold...per oz.
do
4 9 15-16®
per oz. .last price. 4 8)6
®
per oz.
Spanish Dollars (Carolus)
d.
®
per oz
peroz.
peroz.
5 grs.
s.
....
South American Doubloons
United States Gold Goin
Bar Silver, Pine...
Bar Silver, containing
Mexican Dollars
d.
standard. 77 9 @
standard. 77 9 ®
standard. 77 11)6®
Spanish Doubloons
Is. 10
small
The accumulation of gold in the Bank of
France continues unchecked, the total
Is. 9
a
term of years.
The net rentals, as per schedule annexed, are $434,337.71 at 3s.
crease
showing the present position of the Bank
England, the Bank rate of discount, the price of Consols,
the average quotation for English wheat, the price of Middling
Upland cotton, of No. 40 Mule yarn fair second quality»
and the Bankers’ Clearing House return, compared with the
four previous years :
a
of
The
of
ized to receive
abroad:
for bullion
233
THE CHRONICLE.
1873.
d. s. d.
s.
1874.
d. s. d.
Petersburg
51 0®52 0
40 0©41 0
Koaigpberg.... 6t 0©67 0 4 2 0@48 0
Dantzic
Rostock
Stettin
62 0®66 0
59 0®6l 0
61 0®62 6
42 S@45 6
42 0®43 0
40 0©41 6
Hamburg
Antwerp
61 0®65 6
61 0@69 0
44 0©49 0
45 0©49 0
Nautes
Bordeaux
Santander
Marseilles
66
63 0®G7 0
57 0©59 0
55 0©61 0
43
44
45
47
Naples
61 C®62 0
47 6® 18 6
0®68 0
6® 17
6©47
0®4G
6®50
6
6
0
0
s.
Barletta
Trieste
Alexandria
Galatz
Odessa
1873.
d. s. d.
50 0®60 0
65 0®66 00
45 0®47 0
41 0®5l 0
49 0®53 0
1874.
s.
....
s.
d.
45 0®46 0
36
38
32
34
56 0®53 0 34
Marianople
Montreal
43 0®47 0 37
New York
49 0®53 0 85
San Francisco. 49 0@50 0 31
Valporai-o
46 0©48 0 37
Adelaide....
48 0®50 0 34
...
d.
0®47
0®39
0®33
6®39
0®35
0®39
0®38
6®34
0
0
0
6
0
0
6
6
0®38 0
0®35 0
satisfactory announcement is made of a reduction in the
charges for the transmission of messages to America by the
Anglo-American Telegraph Company to the extent of one-half.
The charge will, on the 1st of March next, be 2s. per word.
Trade in the manufacturing districts has continued to rule
extremely quiet, but, taken as a whole, the tone of business has
been steady. A report from Manchester states that, considering
the almost unvarying dulness which for more than a fortnight
past has characterized the market, the tone is singularly
steady.
Producers of India and China goods have not, it is
true, a very encouraging prospect before them in the present
condition of tlie Eastern trade, but even they do not seem,
willing to press business at the cost of any concession in
prices. Elsewhere the aspect of things is quiet and moder¬
ately hopeful, but the transactions of the day have reached only
a moderate amount altogether.
There has been some increase of
inquiry for common makes of shirtings, and offers for considerable
quantities at l£d. per piece below the quotations have been made,
but without finding acceptance. At Leeds there has been an im¬
proved tone. The attendance of buyers has decidedly increased,
and thpugh the business transacted cannot be considered large,
The
,
[March 6, 1875.
CHRONICLE.
fHE
234
of
In our report of the dry goods trade will be found the imports
dry goods for one week later.
The following is a statement of the exports (exclusive of specie)
and on full terms. At
operating with great
caution, and it is still asserted that orders from good firms are
still very difficult to obtain ; but, on the whole, prices rule firm.
The lace trade of Nottingham is in a depressed state, plain goods
being chiefly in request, while reports from Dundee mention that
although the trade in jute is dull, there is a fair demand for
yet it bag been on a more extended scale,
Huddersfield, however, buyers have been
of New York to
from the port
foreign ports, for the week ending
March 2:
EXPORTS PROM NEW
YORK POR THE
1873.
1872.
Previously reported..
43,477,663
39,047,067
32,511,231
.
1875.
$3,469,070
35,892,266
$3,934,686
$5,252,908
$5,075,113
For the week
WEEK.
1874.
$39,361,326
The following will show the exports of specie from the port of
The public sales of Colonial wool will be commenced on Tues¬
New York for the week ending Feb. 27, 1875, and since the
day next, and will be concluded on the 9tli of April. The arrivals beginning of the year, with a comparison for the corresponding
amount at present to 209,500 bales, comprising 19,000 bales from
date in previous years :
American gold
$40,000
81,920
Sydney and Queensland, 99,815 from Port Philip, 41,494 from Feb. 22—Str. South Am erica...St. Thomas
Havana
Feb. 23—Str. Columbus
Spanish gold.
48,332
Adelaide, 337 Swan River, 309 Van Diemen’s Land, 4,714 New Feb. 24—Str. Parthia
Liverpool
Silver bars
22 096
Hamburg
..Silver
bars
53,450
Zealand, 43,771 bales from the Cape of Good Hope. It is estimated Feb. 25— Str. Frisia
Paris
Silver bars
30,000
Gold
bars
that about 12,500 bales, consisting chiefly of Cape Produce, have
101,000
$47,412,349
$44,299,975
137,586,344
Since Jan. 1
steady prices.
flax at
..
;
tteports—Per Cable.
Eii^IIhIi market
Thedaily closing quotations in
week have been reported by submarine
pool for the past
shown in the
as
following summary:
and Stock Market.—New
With this exception, prices
The bullion in
during the
the Bank of
week.
Sat.
93
Consols for money
“
0. S.6s
(5-20s,)1865,old.. 107%
107%
1867
“
“
93
account
103
.103%
U. S. 10-408
New 5s
TL'3
a
telegraph
2.8!0; 367
5,171,095
England has decreased £223,000
93%
107%
107%
103
103
103
Thur.
Fri.
03
93%
107%
107%
92%
93%
107%
107%
103
103
103
103
Wed.
93
93
103
The
been
93%
L07%
107%
Flour (Western)
Wheat (Red W’n.
$ bbl
spr)..$ ctl
0
3
2
4
6
0
8
(Red Winter)
“
(Cal. White club) “
Corn (W. mixed) $ quarter
Peas(Canadian).. $ auarter
"
21
“
9
9
33
43
8.
21
8
9
9
31
43
0
3
2
4
3
0
21
8
9
9
33
43
(1.
8.
0
3
2
4
0
0
d.
8.
Beef (mess) new # tee
Pork (mess) new 39bbl...
Bacon (long cl. mid.)$ cwt
(American)....
OheeseCAmer’n fine)
Lard
45
61
70
6
0
6
0
0
70
Tallow closes 3d. lower
d.
s.
Rosin (common)...
5
f cwt..
fine
17
Petroleum(reflned).... $ gal!
(spirits)
“
Tallowf American)... $ cwt
“
s.
9
0
5
17
9%
“
Cloverseed (Am. red)..
Spirits turpentine
8.
77
74
45
61
0
6
0
0
75
45
61
70
40
37
26
9
3
0
Tues.
8. d.
5
9
17 0
10
d.
9
0
10
£
spot, $ cwt
Sperm oil
$
Whale oil
Linseed oil....$
0
6
0
0
40
37
26
40
37
26
3
0
0
5
17
9
0
8
23 0
£
11 5 0
tun.iOS 0 0
“
30 10 0
24 6
cwt.
58 9
0
23 0
303 0 0
30 10 0
25
COMMERCIAL AND
$100,000
1,825
26
3
0
0
8.
11
5
53
23
108 0
30 10
25
d.
0
9
£
11
8.
5
5S
23
0
0
0 108
0
30 10
25
0
40
37
26
Silver.
Gold
Vera Cruz
Silver
Gold
Nassau
Silver
Gold
3
0
0
Silver
Aspiuwall
Feb. 26—Str. France
Feb. 26—St-. Gaelic.
Feb* 27—Str. Atlas..
Gold
Havre
.Liverpool
Savanilla
*
7,884
349.675
30,650
9,544
1,280
100
2,818
,
4,032
1,219
Gold
Gold dust...
Gold
Gold
Silver.
Gold....
Para
Feb. 24—Str. Ontario
r
Total for the week
Previously reported
d.
8.
6
6
6
9
0
77
72
45
60
70
8.
Frl.
d.
9
0
5
17
10%
9%
40
37
26
0
0
0
closes at an
Thur.
Silver
....Port-au-Prince
21 0
8 3
9 1
9 4
34 0
43 0
9%
9%
Tues.
£ s. d.
d.
•ity of Havana
8. id
10%
10
40
,37
3
0
0
Thur.
8.
d.
5 9
17 0
Wed.
8. d.
9%
9%
Mon.
LtnBMc’ke(obl).^ tc 11.5 0
LinBeed(Calcutta)....
*8 9
Sugar(No.l2 D’ch std)
on
d.
6
70
0
“
London Produce and Oil Markets.—Linseed oil
advance of 9d. on the opening price of the week.
Wed.
Sat.
Gold
19,101
424,240
58,398
767
2,972
$1,014,535
.
317,293
Total since Jan. 1, 1875
Same time in1874
1873.
1872
1871..,.
,
.
Same time
$918,037
203,725
275,013
.2,707,515
..$1,331,828
in—
$3,064,381
2,097,452
599.929
292,439
1870
1869
1868
1867
Treasury.—The following forms present a sumweekly transactions at the National Treasury.
L—Securities held by the U. S. Treasurer in trust for National
Banaa and balance, in the Treasury :
Coin cerNational
of certain
marv
ForU. S.
For
Week
Total.
ending Circulation. Deposits.
401.260.450
Jan. 2. 385,128,250 16.132.200
Jan. 9. 384,959,750 16.457.200 401,416,950
Jan.16. 3^4,695,250 16.432.200 401.177.450
384 458,690 16.432.200 400,940,800
Jan. 23.
381,348,850 16.482.200 400.831.050
.Tan. 30
383,663 250 16 6^3,209 400.296.450
Feb. 6.
399,936,350
Feb. 13. 383,534,150 16.452.200
382,409,650 16.452.200 398.921.850
Feb. 20.
-
.
.
.
Mon.
Sat.
“
d
77
75
45
61
Wed.
8.
d.
77 6
past week have
Sau Domingo.
Feb. 23—Str. Alps
Feb. 23—Str. Colon
Market.—Petroleum is higher than last
Liverpool Produce
week.
75
“
“
s.
6
0
6
0
0
77
Tues.
d.
8.
77 6
75 0
6
45
0
61
70 0
Mon
this port during the
Southampton
Feb. 23- Str. Aades
-Pork has declinedi from 75s. on
Liverpool Provisions Market.—
Saturday last to 72s. Gd. at the close. Lard closes 3d. lower. Fri.
Thur.
Sat.
|
Fri.
8.
0
3
2
4
0
0
21
8
9
9
33
43
$13,567,041
I 1867
103
Ttiur.
d.
21
0
8 3
9 3
9 4
33 6
43 0
Wed.
8. d.
Tues.
d.
23, COO
in—
follows:
Feb. 23—Str.
tn.3
(5-208) 1862
Mon.
imports of specie at
as
Feb. 23—Str. Hohenzollern
Feb. 23—Str. Tybee
States Gs (1802) at Frankfort were;
d.
1
8,909,336 1 1866
93%
107%
107%
s.
$5,641,371
Same time
1869
of all issues have ruled
Tues.
sat.
$801,870
12,765,171
1875
Total since Jan. 1,
Same time in—
99%
....
...
99%
Liverpool Cotton Market.—See special report of cotton.
Liverpool Breadstufts Market.—The market closes quiet, with
decline of Id. in winter wheat, and an advance of Gd. in corn.
IT. 8. 68
.
week
25.000
Previously reported
Liver¬
11.163,574 11868
Mod.
93
quotations for United
377,072
fives fell off £ on
London Money
Monday.
steady.
Total for the
the markets of London and
Spanish gold coin..,
Arenas..American gold
Silver
barr
Mexican silver
Feb. 25—Str. City of New York.Havana ..'
Feb. 27—Str. Henry Chauncey.Punta
Feb. 27—Str. Adriatic
Liverpool
manufacturers here and on the Continent.
some instances, prices are rather lower.
gone forward direct to
The trade is quite dull ; in
.
.
.
.
Feb. 27.
.
382,083,650
-Bal. in Treasury.—,
Coin.
Currency,
tiflcates
outst’d’g.
12,039,348 27,043,400
10,486.039 28,070,200
72,002,772
70,769.067
71,706,239
10,013,674
27,609,100
69,070.765
8,643,037
23,517,800
21,816.800
21,724,900
9,013.000
5,673,475
67,987,072
70,610,776
16,062,200 393.145.850
2.—National bank currency
in circulation;
fractional currency
and dis¬
distributed:
received from the Currency Bureau by U. S. Treasurer,
tributed weekly ; also the amount of legal tenders
NoteBin
Fractional Currency.—, Leg. Tend
Week
Received. Distributed. Distrib’d.
Circulation
Frl.
£ 8. d. £ s. d.
50
11 5 0
0 11
58 9
58 9
9
d.
23
23 0
0
0 0 108 0
0 108
0
30 10 0 30 10
25 3
25
0
ending
Jan. 2.
Jan. 9.
Jan. 16.
Jan.23.
Jan. 30.
Feb.
Feb.
Feb.
Feb.
331,400
435,200
350,256,446
345,601,096
345,562,363
345,015,428
344,310,452
344,461.477
344.596.472
6..
13.
20.
27.
Debts Incurred
MISCELLANEOUS NEWS.
347.959.471
347,876,131
by Trustees
2,378,817
3,062,715
2,460,358
3.766.360
3,241,481
263,900
80L500
539.700
3,535,671
3.324.361
784.700
933.100
2,448,299
642,600
2,506 856
576.100
Railroad.—-The
rendered a final decision
Operating a
Supreme Court of Pennsylvania recently
in the suit of Patterson against the Hempfield
Railroad Company.
having failed to pay
Imports and Exports for the Week-The imports this
possession of the road to the trustees under the
creek show a decrease in dry goods and an increase in general mer¬
mortgage. The trustees contracted debts for work and materials,
The total imports amount to $9,G58,790 this week, and completed the road by laying rails on the already graded
chandise.
against $7,974,G97 last week, and :fcG,G01,928 the previous week. road-bed. These rails were bought from one Whitaaer, who
Theexports are $3,469,070 this week, against $5,133,G31 last week, received part cash and part bonds of the company, subject to
and $3,952,584 the previous week. The exports of cotton the
right to redeem at par in one year.
In 1860 Patterson filed a bill to compel a sale, and a master
past week were 9,901 bales, against 14,191 bales last week. The
following are the imports at New York for week ending (for reported in favor of those creditors whose claims had arisen
dry goods) Feb. 25, and for the week ending (for general mer¬ during trustee’s possession, excluding the bondholders and other
creditors. He also held that Whitaker’s claim had been satisfied
chandise) Feb. 2G:
by the payment in bonds. To this report the bondholders and
J*ORBION IMPORTS AT NBW TCUK YOR THE WEEK.
1875.
1874.
Whitaker excepted. Whitaker’s counsel held that the bonds
1873.
1872.
$3,396,817
$3,219,744
$3,922,243
delivered to him, not in payment, but as a pledge to secure
Dry goods
$3,133,005
6,261,973
6,752,556
The road was
interest, gave
mortgaged, and the company
were
General
merchandise...
4,895,259
5,472,488
week..
$8,028,264
54,309,933
$9,394,736
$62,338,202
Total for the
Previously reported....
Since Jan. 1
paymept.
$9,658,790
63,675,992
$9,972,300
52,070,609
[$73,070,728
$62,042,909
$56,000,047
46,341,257
The
Supreme Court
tions, and
under the
has now dismissed the
bondholders’ excep¬
distribution
fund.
sustained that of Whitaker, and orders a
master’s report, charging his claim upon the
March 6,
1875.]
Burlington Cedar Bapids & Minnesota.—An important
change has been made in the Board of Directors—Messrs. George
and William Greene, and several other directors resigning in
favor of the Hon. John I. Blair and his associates. The following
persons constitute the new board : John I. B air, D. C. Blair, C.
E. Vail, New Jersey ; W. E. Dodge, Moses Taylor, A. B. Crane,
New York ; James Blair, Scranton ; S. P. Wisner, George Doug¬
lass, W. W. Walker, A. H. Spangler, A. S. Betts, Cedar Rapids,
and T. W. Barhydt, Burlington. John I. Blair was elected Presi¬
S. P. Wisner, Vice-President; W. W. Walker, Superin¬
dent ;
tendent and Treasurer.
t
Central Railroad of Iowa.—There is
now a
foreclosure suit
pending against this road, and
a company has been organized
under the title of the St. Louis Iowa & Minnesota Railroad, with
the purpose of purchasing the property. Mr. A. L. Hatch, a former
director and treasurer, addresses a circular to bondholders in
which he says: “ Your road being in the hands of the Court
unquestionably be foreclosed and sold. There are now two
presented for foreclosure. First, to organize a new com¬
pany and have the same buy in the road and exchange old bonds
and unpaid coupons for the new company’s securities; and,
must
ways
second, to have the road sold for cash, which will result in loss
and sacrifice to all.
Believing the first the best and most equi¬
table plan, I will forward Petition No. 4 to all bondholders, de¬
siring the company to purchase the property , so foreclosed, and
will present the same to Trust Company for those who will favor
me with their petitions.
If desired, it will afford me pleasure to
furnish bondholders with all information of the road and mat¬
pertaining thereto
ters
application.”
upon
235
CHRONICLE.
THE
Messrs. Turner,
the attorneys
Kirkland & McClure, of No. 21 Nassau street, are
for the Farmers’ Loan and Trust Company.
Mississippi Valley & Western.—Notice of sale in foreclosure
is
given for the 14th of April, in St. Louis. The sale to be as
follows: First,the whole of the railroad, franchises, and property,
together with the rolling stock, of the said Mississippi Valley &
Western Railway Company (except the portion hereinafter men¬
tioned). No bid to be received for less than $600,000. And
second, that part of the Mississippi Valley & Western Railway
Company’s road-bed and ties connected therewith lying "west¬
ward from the town of Canton, between the town and the
Missouri River, as it stands, without rolling stock ; and the pur¬
chaser thereof will be required to pay tli3 sum of two thousand
dollars in cash forthwith, and the balance of his bid upon the
suit
brought by Mr. Thomas and his associates is now being
pressed, and a receiver of the road has been appointed. The
report then says that as there is nothing now but foreclosing to
look to, and as all the bondholders* rights should be protected,
there is a power of attorney enclosed for bondholders to sign and
confirm the authority of the committee to re-organize and bid in
the road. It concludes as follows :
“
It is proposed to bid in the road and property, at any sale that
may be had, for joint account of all the bondholders who may be
represented by the committee, and immediately thereupon to re¬
organize the company and issue new bonds in place of the present
be surrendered; by which time, with the property free
from all other incumbrances, it is believed that the road will be
able to resume the payment of its interest, either by its own
ones to
earnings or through a lease to some strong corporation who will
guarantee the prompt payment of the same.
C. C. Hussey,
1
Remington Vernam,
Executive Committee.
Wm. O. McDowell,
)
Approved, Charles L. Frost, Trustee and Ex-Officio Member
[•
“
of Executive Committee.”
Springfield & Illinois Southeastern.—By the terms of an
order made by the U. S. Circuit Court in this cause, the several
holders of the first-mortgage bonds yet outstanding are required
to
present their bonds to the Master in Chancery, J. A. Jones, at
office, in Springfield, Illinois, within ninety days from the
his
23th
day of January, 1875, and elect whether they will join in the
purchase of the railroad by signing and executing the agreement
made between the bondholders, and under which said property
was purchased by M. H. Bloodgood, at the sale made on the 15th
day September, 1874, and in default of such election they will
be entitled to receive only their pro rata share of the money paid
into Court under said sale.
—We call the attention of our readers to the advertisement of
Mr. Josiali H. Reed, in our to-day’s issue. Mr. Reed offers induce¬
ments to
parties to invest in Chicago real estate, at good rates of
interest, and solicits the examination of a number of first-class
mortgages now on hand. He is thoroughly acquainted with
Chicago for the last thirty years, and refers to a number of re¬
sponsible business houses in New York.
—The First and Second Mortgage Bondholders of the Chicago !
Danville and Vincennes Railroad Company are requested to call
at the office of the Company in New York, immediately,on busi¬
ness of vital importance to their interests, vide notice in another
confirmation of such salerby the said court.
column of our to-day’s issue. This call is signed by the Trustees
New York Elevated Railroad.—A report on the affairs of this of both the First and Second
Mortgage, and undoubtedly means
road contains the following.
The President, Mr. M. Courtright, business.
says :
—The steamers of the popular Stoniugton Steamboat Company,
First.—For want of turn-outs a round trip from Tjiirty-fourth
from Pier No. 33, North River, now leave New York at
running
street to the Battery (the present termini of the road) can now be
5 instead of 4 P. M., as formerly. The numerous lriends and
made only on an average once in about thirty five minutes, in
sections of two or three trains each, with two to three cars in a patrons of the line should take notice.
train (as required) one way, and a single train
other way, alternately.
By putting in two
with two
cars tue
turn-outs, one at
—The Massachusetts State Loan of a million and a half dollars,
account of the Hoosac Tunnel and the Troy and Greenfield
on
&
Franklin, the other at or near Bank street, cf 420 feet in length
each, of available track, trains may be run in full sections both
Railroad, has been awarded for negotiation to Lee, Higginsou
Co., of Boston.
ways regularly every eighteen minutes.
Second— By extending the road to Fifty-ninth
—The further negotiation of the new consolidated mortgage
bonds of the Maine Central Railroad has been entrusted to the
street (Central
miles, and putting in a turn out at or near Thirty-fourth banking house of J. B. Brown & Sons, Portland, Me.
street, and one at Fifty-ninth street, trains can be run in sections
both ways every eighteen minutes between Fifty-ninth street and
BANKING AND FINANCIAL.
the Battery.
Third.—By putting in four more turn-outs, central between
Park),
ihe others, trains oan be
run
in sections both ways every ten
minutes, equivalent to about an average of a car every one and
half to two minutes each way, as required.
He estimates a very large increase in traffic
one of the above
improvements.
WAY
a
COMPANY FIRST AND
MORTGAGE
from each
or any
LIABILITIES.
Capital stock issued
$800,000
150,000
Indebtedness
Total liabilities to date
Note.—The actual cash
TO HOLDERS OF COLUMBUS CHICAGO & INDIANA CENTRAL RAIL¬
Agreements for both classes of Bonds have been prepared and will be fur
with a report of the undersigned, at the Union
the Gallatin National Bank, 36 Wall street,
and office of A. Iselin & Co., 48 Wall street, where signatures to the agree¬
nished to bonrlholder, together
Trust Company, 71 Broadway;
ments will also be received.
$950,000
expended
up
James
to this date has been over
$1,300,000.
Milliken,
Whitewright,
William
EXPENDITURES FOR WORK NOW GOING ON.
Frederic J.
First—For improvements to the present road and turn-outs at Bank
and Franklin streets, including the additional equipment and other
facilities necessary that trains can run in full sections every 18 min¬
utes both ways between Thirty-fourth street and the Battery, esti¬
mated cost
Making, with present liabilities
de
Adrian Iselin,
Wm. H. Gebhard,
Petster,
Committee of Bondholders.
CINCINNATI MUNICIPAL 7 3-10 PER CENT. BONDS.
150,000
A limited amount for sale
$1,100,000
...
Second—For the extension to Central
Park, including the additional
turn-outs, equipment and other facilities necessary that trains can
run in full sections every ten minutes both ways, equivalent to a
car
SECOND
BONDS.
by
KUHN, LOEB & CO.,
Bankers, 31 Nassau street.
every one and a half to two minutes between the Central Park
and the
Battery, estimated cost
..
350,000
..
Making the total liabilities then
RAILROAD BONDS.—Whether you wish to BUY or SELL, write to
HASSLER &
$1,450,000
CO., No. 7 Wall street. N. Y.
receipts.
The present
average duly receipts, as the cars are now run in sec¬
tions of three trains, With two to three cars each as required one
way and one train with two cars omy the other way alternately
thirty five minutes (this being at present the full capacity of
road), are $265, making for the year of 313 days, the cars not
running on Sundays
ADVANCES
Made
on
Cotton in store.
R. M. WATERS & CO.
every
the
$82,945
STOCK
expenditures.
For working and maintaining the road for the past year,
with all other expenses, except for extraordinary repairs
Equal about to 66 2-3 per cent of the
ings
...
gross
together
Conducted
55,500
by
SPECULATIONS
us in every form on commission only.
PUTS. CALLS AND DOUBLE PRIVILEGES
Cost $100 to
earnings, leaving net earn¬
$2C0, and controls 100 shares of stock for 30 days. If the stock
10per cent during that time,
THE INVESTMENT PAYS $1,000.
The liability is limited to the amount paid for the contract.
Contracts negotiated through us are obtained at the best rates in the market
and on responsible parties.
moves
$27,445
Peoria & Rock Island.—The committee appointed by bond¬
holders, October 22, 1874, have prepared tlieir statement, and pay
that they have used every means in their power to carry into
PAMPHLET SENT FREE,
effect the arrangement agreed on at the former meeting, but they explaining the various modes of operating, and how the fluctuations of the
have not succeeded, for the reason that the company are unable market may be best taken advantage of. Address, for particulars,
TUMB&JLDGE & CO., Bankers and Brokers
to carry out the agreement on their part, from the fact that the
I Wall street, corner Broadw»y» N, Y.
22.. 879——FLNayrctioomenaisnl'g
<&ft)rtte.
Sankera’
ORGANIZED.
Comptroller of the Currency furnishes the
following statement of National Banks organized the past week:
2,826—Citizens’ National Bank of Warren. Pa. Authorized capital, $50,000 ;
paid in capital, $35,000. Myron Waters, President; II. R. Crowell,
Cashier. Authorized to commence business March 1, 1875.
National Bank of Williamsport, Pa. Authorized capital,
$100,000 ; paid in capital, $99,800. George Bubb, President; Charles
NATIONAL BANKS
The United States
issued another call for $5,000,000 bonds, on which interest will
cease June 1, 1875 : the description is as follows ;
Coupon bonds, known as the Fourth Series, Act of February 25, 1862, dated
May 1, 1862, as follows:
$50—No. 8,351 to No. 10.000, both inclusive.
$100—No. 23,101 to No. 27,500, both inclusive.
$500—No. 11,101 to No. 13,600, both inclusive.
Authorized to commence business March 1, 1875.
National Bank of York, Pa. Authorized capital, $200,000;
paid in capital, $200,000. Vincent K. Keesey, President;
,
Cashier. Authorized.to commence bnsiness March 1, 1875.
Bank of Haverstraw, N. Y. Authorized ^capital, $100,000:
paid in capital, $100,000. Ira M. Hedges, President; Geo. H. Smith,
Cashier. Authorized to commence business March 2, 1875.
Gleim, Cashier.
^
The following
DIVIDENDS.
Dividends have recently been
Company.
Railroads.
Salem &
announced :
When
P’able.
Per
Cent.
$1
Lowell.
on
Friday.
Books Closed.
(Days inclusive.)
LOANS OFFERED
IN T.ONDON,
Amount
negotiated.
dem
March 5, 1875—6 P. M.
5s, 10-40’s
5s, funded, 1881
5s, funded, 1881,
6s,Currency
*
Ceutral of New Jersey...
3,000,000
Illinois Central
2,500,000
of bonds
.
1,000,000
1,000,000
2,300,000
1,500,000
3,000,(00
Chicago & Alton
United N. J. RR. & Canal
Utica Ithaca & Elmira..
Lehigh Valley
2,000,000
Del.
Hudson Canal Co.
Western Union Tel
Real estate (N.Y.) morts.
5,150.000
( J. S. Kennedy & Co.,
( Borthwick, Wark & Co.
Co.
J. S. Monran & Co.
2,000,000 Morton Rose & Co.
4,500,000 .Morton Rose & Co.
Closing prices of securities
|
market has shown rather more activity to stock
on Thursday rates were quoted up to 5^ per cent.;
but this was exceptional, and a fair quotation was 8@4 per cent.,
and the same to day.
There lias been some talk of a possible
attempt to lock up greenbacks to make money tight, but nothing
has been developed in that direction.
Commercial paper has not been very active, and prices are a
shade better for buyers, who do not feel inclined to load up with
more paper at 4^ per cent.
The best price now is about 5 per
cent, and the range on prime paper 5 to 6£.
Cable advices on Thursday repoited a decrease in the Bank of
England bullion of £228,000 for the week, but no cliauge in the
Bank rate, which remains at 3$ per cent. The Bank of France
gained for the week 6,188,000 francs in specie.
The last weekly statement ol the New York City Clearing
House Banks, issued Feb. 27, showed an increase of $1*429,475 in
the excess above their 25 per cent, legal reserve, the whole of
such excess being $9,420,525, against $7,991,050 the previous
week.
Considerable discussion has been raised as to the change in the
law for use of 2-cent stamps on checks, which it is stated will make
it apply to all bills and notes.
The change reads as
“
That the words * Bank check, draft or order, for the payment
of any sum of money whatsoever, drawn upon any
j*aid.
bank, banker
demand, two cents/ in Schedule
out, and the
‘
same
is hereby stricken
following paragraph inserted in lieu thereof :
Bank check, draft, order or voucher for the
of money whatsoever, drawn upon any bank,
payment of any
banker or trust
company, two cents/ "
The following table shows the changes from the previous week
sum
and
a
comparison with 1874 and
1875.
Feb. 20.
Loans anadis.
Specie
Feb. 27.
1873:
>
Differences.
$294,850,100 $292,017,000 Dec.
12,654 200
1874.
1873.
Feb. 28.
Mch. 1.
$2,833,100 $282,555,700 $281,344,900
15,921,800 Inc. 3,267,600
26,488,300
16,370,500
22,584,400 22,482,500 Dec.
101,900 26,775,100 27.601.300
236.223,800 233,607,500 Dec. 2,616.300 239,864,300 202,066,100
Legal tenders.
54,392.800 61.900.600 Dec. 2,492,200 61,915,000 40,724,000
United States Ronds.—The week has been dull in Govern-
Circulation....
Net
deposits..
meit
securities, and the volume of transactions has been
week for some time past. Secretary Bristow
tmallest of any
5-20’s, 1867
103
the
has
$
89,431.1(0
97,200,200
32,746,700
118,762,250
144,881,150
222,213.100
23,380.500
53.203.5t0
179.404,200
107%
102%
103
1, 1875.
Since Ja
,
107%'
107%'
103
10.3
,
Highest.
Lowest.
5.
| 108
1
Coupon.
107% Jan. 2 308
107% Jan. 12 108
102% Feb. 13 105%
102% Jan. TO 103%
Jan. 30
Jan. 4
Feb.
Jan.
6
2
business in State bonds
nearly all the Southern list is dull.
Southern State finances, and
July is not good ; interest due
then collected, is not now being
Railroad Bonds.—The
Virginia bonds are strong on a
demand from the State.
Pacific issues, which
the Union Pacifies.
following securities were
these bonds, as the
monopoly of traffic,
auction this week :
sold at
Gaslight Company
575*4
$2,75!) Burlington and Missouri River Railroad seven per cent land mort¬
gage bonds, due 1893
$13,000 Cairo & Fulton Railroad Company first mortgage seven per cent
gold land grant bonds,* interest January and July
$1,000 Lake Superior & Mississippi Railroad Company first mortgage
seven per cent gold bonds
35*4
105>£
57%
20 shares Iowa Railroad Land Company
15 shares Cedar Rapids & Missouri Railroad
5 shares seven per cent preferred stock of the
River Railroad Company
Company— ..
Cedar Rapids &
uaily closing prices of a tew
since Jan. l,have been as follows
6sTenn., news...
6a N. Car.,old....
68 N. Car., new...
6b Virg., consolid
2d series.
do
6s S. C.t J. & J....
6s Mo. long bonds
Feb. Mch. Mch.
2.
1.
27.
*47
*46% ■47
*57%
*33
*30%
97
*30%
97
*53
*34
•SO
*97
Mch. Mch.
4.
3.
Mch.
5.
*47
*46%
*47
*58%
*53%
*35% *36
*30% *30%
97%
*97%
113% *113%
*35
*30
*97
*58
•ThisistheDricebid. nosatewas madeatthe
Railroad
41
Missouri
40
65
leading bonds, and the range
N.Y.C.&H. Iat7s 112% 112% 113% *113%
96 V
97
97
97% *97%
C. Pac., gold 6s...
96%
95%
95%
95%
95%
95%
93%
Un Pac.. let 6s...
98%
9 (%
98%
9.5
96%
95%
L’dGr’t78
do
87
86f%
56%
S6%
59% X36%
do
S.F.Ss..
*105%
106
*105%
'105% *105 %
Erie 1st M. 7s
no
110
*109% -109% 110
N. J. Cen. 1st 7s.. 110
*HH \
-103
109
10S% *108% 109
Ft Wayne lBt 7s.
*107%
*107%
*107
Roca fsld 1st 7s... '106* *106% 107
80%
80%
79%
80%
80%
79%
C. & N.W. gold 7s
follows:
the
107%
•07,%
302%
..
Mch.
has been quite moderate, and
There are ao new developments as to
the prospect of interest payment in
in July and January last, and not
The
borrowers, and
trust company, at sight or on
B of the act of June 30,1864, be and
5-20’s, 1865, old
March 1.—»
in London have been as n.follows:
Feb.
26.
Feb.
19.
20 shares Manhattan
The money
or
'
“
‘
Railroad bonds have been quite active for the
have shown a sharp advance in prices on
There is more anl more confidence shown in
roads show large earnings, and have now a
which cannot for some years be broken.
1,1. S. Morgan & Co.
2,300,000 J. S. Morgan & Co.
:Cummings & Chinnery.
$16,100,000
each class
as follows:
,—Range since Jan. 1.—» /—Amount
Slate and
2,750,000
$40,200,000
the Board.
the amount of
sals was made at
since Jan 1, and
; no
......
U. S. 6s,
U. S.6s,
/ Robert Benson & Co.,
<J. S. Kennedy &
*114% *114% *114
114% *114% *114%
*118% 118% *118%
Highest. Registered.
Jan.. 5ill9% Feb. 3 $193,305,250
6s, 1881
reg.. 118
8l 120% Feb. 3
6s, 1881
coup.. 118% Jan.
2
8,823,950
6s, 5-20’s, 1862
coup . 114% Jan. 2 116% Mch. 2
26,246,100
118
Feb. 3
coup.. 116 Jan.
6s, 5-20’s, 1864
33,772,100
120% Feb. . 3
6s, 5-20’s, 1865
coup.. 118% Jan.
57.781.950
119% Feb. 3
6s, 5-20’s, 1865, new,coup.. 117% Jan.
88,409,650
120% Feb.
6s, 5-20’s, 1867
coup.. 118% Jan.
14.003,500
120
Feb.
6s, 5-20’s, 1868
coup.. 118 Jan.
141,302,750
116% Jan.
5s, 10-40’s
reg.. 113% Mch.
117% Feb.
5s, 10-40’s
coup.. 113% Mch.
197.907,250
Jan.
116
113% Jan.
5s, funded, 1881.. ..coup.. 11
*7 3/ Tnn
6s, Currency
reg..
$4,800,000 I London Asiatic Company.
1,000.003
113%
*114%
114%
119
in prices
outstanding March 1, 1875, were
New 58
2,500,000
*116% *xll4
114% 114%
114% 114%
*118% 118%
Lowest.
Banking House,
;
Rome Watertown & Ogd.
Baltimore & Ohio (notes)
bid
This is the price
U. 8.58,10-40’s
maturing, j
$15,000,000
Pennsylvania
“
coup..Mar. & Sept.
reg v,Quarterly.
..coup....Quarterly.
..reg.. JaD. & July.
The range
1 TO FEB. 20, 1875.
Amount for
old bonds j
Mch. Mch.
4.
5.
*118% !!8%
2.
Int. period.
27.
1.
reg..Jan. & July. *118% *118% 119
119% 119% 119%
6s, 1881
coup..Jan. & July. *119% *119% 110% *116%
116% *116%
6s, 5-20’8, 1862
rcg..May & Nov. *116% *116% *116% *116% *116%
116%
6s, 5 20’s, 1862
coup..May <Sc Nov. *116% 116% 116%
6s, 5-20’s, 1862,Called Bds..May & Nov. *116
...
116% *117 *117 *117
6s, 5*20’s, 1864
reg..May & Nov. *117 *117% 117%
*117% ♦117%
6s,5-20’s, 1864
coup..May & Nov. *117% *117% *117% *117%
*118% *118%
6s, 5-20’s, 1865
reg..May & Nov. *118% 118% *118% *118%
*119% *119%
coup..May & Nov. *119% *119% *119% *119%
6s, 5-20’s, 1865
*118% *118% ♦118
6s, 5-20’s, 1865, n. i., reg..Jan. & July. *118% *118% *118% 118% *118% 118%
6s,5-20’s,1865 n,i.,coup.. Jan. & July. 118% *118% 118% 119 *118% 118%
6s, 5-20’s, 1867
reg..Jan. &July. *118% *118% 119% 119% *119% 119%
6s, 5-20’s, 1867.... coup.. Jan. & July. 119% *119% 119% *119
119
*119
*119 *119 119% *119% *119%
6s, 5-20’s, 1868
reg.. Jan. & July
6s, 5-20’s, 1868..;..coup . Jan. & July. *119% *119% *119% 113% *113% 113%
5s, 10 40’s
reg. Mar. & Sept. *113% *113% 113% *113% 113% *118%
,
6s,1881
1
Company.
Mch.
3.
119
the best class of borrowers,
replace other bonds falling
JAN.
Mch.
Mch.
Feb.
money
the companies are generally among
and the loans in several cases are to
due.
$5,000,000
$1,000—No. 33,701 to No. 39,000, both inclusive.
Closing prices daily have been as follows :
Market and Financial Situation.—The
features
of interest the past week ha ye been the ad¬
principal
journment of Congress, the greater activity in stocks, and renewed
depression in foreign exchange. With the closing of the sessions of
the National Legislature a period of uncertainty as to their possible
action terminates, and the importance of this on the Wall street
markets has been more than usually apparent this year from the
fact that measures were before Congress which had a direct
bearing on at least four corporations whose securities are very
prominent in this market, viz : Pacific Mail, Western Union Tele¬
graph, Union Pacific, and Central Pacific. There has been gene¬
ral rejoicing over the failure of tlie Bounty bill.
Foreign exchange lias again ruled very low, as will be seen by
our report in another column.
As to American loans offered in
London since Jan. 1,1875, we have compiled the following table
of those which have come to our notice. The total is large, but
Tlie
[March 6,1875.
CHRONICLE
THE
236
-Since Jan.
Lowest.
Jan. 27
Jan. 7
.fan.
7
55% Jan. 26
41
27
16
31
Feb.'
94% Jan.
111% Jan.
92% Jan.
90
90
Jan.
Jan.
80% Jau.
Highest.
55% Jan.
29
16
5
Jan. 18
Jan.
7
57% Feb. 11
Jan. 27
97% Jan. 28
113% Feb. 17
85
1*8%
96
Feb.
Mch.
3
1
98% Mch. 4
89% Feb. 26
,105 Jan. 21
Feb. 27
Mch. 1
107% Jan. 27
82% Feb. 9
no
109
Board.
Stock*.—The stock market
active that has been witnessed for some time
and Miscellaneous
has been the most
manifested in the
activ¬
these results,
the combination in Pacific
past, and the fluctuations shown and interest
dealings have resembled the former periods of speculative
ity. Several influences have combined to produce
which the most powerful was
Railroad. The former was largely sold
short,” when the subsidy bill was defeated in Congress, but
instead of declining the price, to the surprise of many, advanced
very sharply and carried the price up to 41 yesterday.
The socalled Granger stocks have also been strong at the close in conse¬
quence of the change of the Potter law in Wisconsin so as to allow
the roads, as the despatch to-day says, “to earn 8 per cent, more.”
The uncertainty as to the result of this law in the Legislature
kept the stocks active and feverish through the week. Other
stocks have sympathized with the advance in Pacific Mail, Union
Pacific, and Northwest, and the general market has ^shown
higher prices.
among
Mail and Union Pacific
“
March
of showing the total transactions of the week
the leading stocks, we have compiled the table following:
For the purpose
n
Lake
Pacific
Mail.
West’n Chic. &
Shore. Union. N’west.
23,000
21,000
49,200
109,10C
Feb. 47
Mch. 1
St. Union Ohio &
Paul. Pacific. Miss. Wab.
9,200 37,400
41,800 38,800
5,900
8,100
5,900
5.600
18,400 46,200 13,300 14,100
18,000
10,500
8,600
7,900 30,100
43,500
30.900 34,000
39,500 43,300
24,100 35,300
41,700
4.800 51,900
5,500 33.400
7,200 29,500
$4 85 @$4 83
3 85 & 3 90
Sovereigns.
Napoleons
4
7
7
6
XX Reichmarke
German X thalers
Prussian X thalers
German Kronen
X guilders
8,000
3,800
5,100
4 82
77 @
80
80
6 70
4 20
&
50
Fine silver bars
Fine gold bars
Dimes and hall dimes..
Five francs
Francs
English stiver
l 25*« 1 26*
pans*
94 @
.-93 &
i«*@
4 80 &
— 70
<a
—
96*
95
—
19
—
-
Prussian thalers...
3 90
Foreign Exchange.—The exchange market has again
off to very low rates, and business has not been at all
4
“
25,700
11,200
12,300
12,100
97,900
54,900
100,300
2
3
4
5
“
237
THE CHRONICLE
6, 1875.]
4 85
—
72
fallen
stimulated
commonly assigned is the same as
by the decline. The cause
4,700 19,100 that noticed on the previous downward turn two weeks since,
Total
452.700 105,300 196,400 241,100 47,900 196,400
53,300 50,000 namely, the apprehension of a scarcity in cash gold and conse¬
\yhole stock. ..200,000 494,665 337,856 149.930 153,992 367,450 200,000 150,000 quent higher rates both on the premium and ou loaus. With this
The last line in the preceding table shows the total number of feeling there is a reluctance to buy bills and part with gold, par¬
shares of each of the stocks, now outstanding, so that it may be ticularly among the leading hankers, who usually absorb the
Dulk of commercial exchange. When the prime drawers reduce
seen at a glance what proportion of the whole stock has been
their rates to such low figures, the effect is also to shake out bills
turned over in the week.
The returns of railroad earnings have never been so few and previously purchased and held by speculators,and thus the prices
‘or bills in second hands go much lower than the bankers’. To¬
unsatisfactory, and the conclusion is unavoidable that traffic with
day,
bankers’ sterling could be had at 4.80 for 60 days, and
most roads has been unsatisfactory.
demand at 4.84.
A memorandum of loans offered in London
At the close prices were generally strong, and near the highest
since January 1 will be found in a previous column.
figures of the day.
Quotations are nominally as follows :
The daily highest and lowest prices have been as follows:
—March 5.
,
“
“
41,300
3.154#
Baturday,
Feb. 27.
N.Y.Cen.&H.R. 101*
Harlem
*128*
Erie
26*
Lake Shore....
72*
Wabash
11*
Northwest
89*
do
pref. 51*
*
•'
103
Rock Island...
Pacific..
Col.Chlc.&I.C.
Union
Panama
West, Un.
At. & Pac.
.
Tel.
Tel.
1U1* 101* 101*101*
101^ 101% 101* 101*
108*
32*
51
24*
34* 34*
33* 84*
53* 53*
52* 53*
18
13* 13*
13*
25* 26*
25* 23*
109 109* *109 103*
84
£2*
25*
108*
110*112
21* 21*
110*110* 110*110*
40* 41*
6*
6*
112
112
42
6
*111
73* 74*
35
,
Mch.?.
128*129 *129 130 *123* 129*
26* 27* 26* 26* 26* 26^
73 * 73* 73* 73* 73* 73*
11* 12* 11* 12* 12
13*
41* 42* 41
43* 41
43*
53* 54* 53* 54* 54
54*
103*
103*
103*
103*
10 2*103* 103* 103* 103* 104
34* 34 *
33* 34*
128* 128* 128* 128*
26* 26*
27# 27*
72 * 73 *
73* 74 *
11* 12*
11* 12*
38* 40*
42* 43
51* 53
52* 54*
20* 21
40* 40*
6* 6' *
*111 113
78* 73*
*.... 25
American Ex..
United States..
Welle, Fargo..
23
2>
*33
35
•
42*
6*
•
•
*32*
•
6
*111
113
74*
74* 75*
24
33
*36*
34* 37*
,
111*111*
20* 21*
42* 43*
•
•
•
23
*
•
•
....
6
•
•
•
25* 26*
1:1*111*
21
21*
43* 44*
5*
5*
112*113*
74* 75*
23
*22
24*
85* *32* 35
•
•
•
•
53*
13* 14
25* 26*
109* 109* *109* 110
112*
U‘2*
75*
33
89*
37* 39*
33
34#
103
*101
*101* 104
•101
102
10-2
62*
63* 68*
*63* 63*
63* *63* 64
G'J
58# *58
57* on
57* *58
57* >OX
Qlv
85*
....
*85
86
86
86
■85*
•
53
53* 54
*....
111
111*
48
43*
«*
113*
•21
21
113
74*
....
....
of
Feb.
Mch.
75
24
Superior Court involving
439,000
3
36
37* 88*
3?* 41
101* .... - ... 103
63* 63* *63*
60*
59* 59*
60
86*
86* 86* *86
the validity of a “ put.”
Speir
that the agreement was void by the Statute of Frauds;
first, because there was no mutuality in it, no one being bound to
shares; second, because no consideration passed; third, because there was
no delivery of the stock • fourth, because it was not a contract lor the sale
stock, but a mere cover for betting and gambling, therefore void as
to the statute and against the public policy; fifth, because the plaintiffs
no right to sell the stock, it not being a pledge, and they
tlieir tender of it good; sixth, because the notice of sale was unreasonably
The defence was
Receipts.
....$1,090,000
535,000
420,000
deliver 500
of
contrary
had
being bound to keep
short; and seventh, because the sale was made at a private market, to wit,
the Stock Exchange, instead of a public market. Judge Speir overruled all
these grounds.
The defense also offered to show that they subsequently
offered to the plaintiffs the amounts which they paid for the “put”—$500.
Judge Speir also excluded that, holding that the rights of the parties were
fixed
the day the tender was made, and finally directed a verdict for the
full claim, amounting, with interest, to $4,015.
*
Railroad Earnings.—Railroad earnings, generally, make
about the same comparisons as for the previous weeks of this
Currency.
Gold.
Currency.
Gold.
$410,501 70 $1,073,004 82
394,226 06 1,504.642 86
$2,258,511 93
$994,554 89
1,220,871 10
439,297 97
572,417 90
1,659,672 23
634,552 62
774,919 48
329,292 34
929,133 48
1,087,901 85
471,326 21
1,317,057 42
311,409 32
170,986 85
312,000
42
sale was made at the Board.
interest was made lately by Judge
some
>
60 days.
3 days.
Primebankers’sterling bills
4.80#@4.81
4.84*04.85
London good bankers’ do
4.80 ©4.80#
4.84 ©4.84#
London prime com. ster do
4.83 @4.84
4.78#©4.79#
Paris (francs)
5.23#@5.21#
5.19#@5.17#
Antwerp (francs)
5.23#@5 21#
5 19*@5 17#
Swiss (francs)
5.19#@5.17#
5.23#@5.21#
Amsterdam (guilders).
41#@ 41#
41#@ 41#
94#@ 94*
Hamburg (reichmrks)
98#@ 94
The transactions for the week at the Custom House and SubTreasury have been as follows:
-Sub-Treasury.Custom
-Payments.House
Receipt?.
price bid and asked : no
A decision
in the
41*
53*
101* 101 #
Mch. 1.
lO'i* 108*
do
pref
Pacific Mall....
Adams Exp....
This Is the
11*
Thursday, Fridav
Mch. 4. '
12% 12*
21* 25
Quicksilver.... *....
•
73*
Tuesday, Wednesday,
Mch. 2.
Mch. 3.
32 * 33*
51* 52*
St. Paul
do
prel....
At.& Pac.,pref.
Ohio & Miss.
Central o: N.J.
Del., L.& West
Han. & St. Jos.
101#
129
26*
Monday,
579,000
861,8;i6 49
91)2.255 97
1,190,436 19
957,955 31
505,560 11
5,749,554 72 5,850,241 15 3,233,733 91 6,228,856 26
46,486,069 11 49,324.284 32
48,996,889 88 48,945,669 21
^^wlTork City Banks.—The following statement shows
the condition of the Associated Banks of New York City for the
week ending at the commencement of business on Feb. 27. 1876:
Total
$3,375,000
Balance. Feb. 26
Balance, March 5
AVERAGE AMOUNT OF
/
Legal
Loans and
Capital. Discounts.
Banks.
Specie.
$8,000,000 $lOflE6,lUC $2,931,000
2,050,00(.
6,12!,100
41,2,800
8,000,000
9,.08,300 1,0.'5,20U
2,000,000
6,738,909
265,900
1,500,000
4,954,600
295,000
3,000,000
9,259,600 1,123.500
l.SOO.OOO
4,207,100
281,600
New York
Manhattan Co
Merchants’
Mechanics’;
Union
America
Phoenix
1,000,000
City...
...
Tradesmen’s........
1,000.000
600,000
Fulton
Chemical
300,000
Merchants’ Exch’ge. 1,000.000
6,351,300
3,418,200
1,891,700
7,852 600
3.7J6.600
810,700
242,460
193,500
Net
Clrcula-
Tenders. Deposits
$733,200 $9,741,600
332,iOO 8,680,'.00
308,500
6.204,900
905,900
654,500
1,418,900
499,200
2,594,000
291,400
351,400
* 1,333,300531,900
4,694,800
3,325,500
7,198,600
2,992,700
6,752,800
2,012,800
1,391,700
6,467,900
8,242,6‘JO
1,960,600
1,721,900
tion.
$455,000
9,700
680.000
818,500
270,000
1,200
469,700
740.700
222,800
301,300
424,200
Gallatin, National..
1,500,000
8,959.600
3<:2,!00
301,900
483,400
Butchers’&Drovers’
800,000
2,488,000
S1,0U0
881,000
212.00C
on
600,000
Mechanics&Traders
1,843,700
20,700 ’288,300 1.126,800
191,50*
Greenwich
200,000
1.021,300
118.400 1,006.400
2,700
Leather Manuf
600,000
497,500
217,800 2,607,600 218,800
3,123,300
300,000
1,093,600
19,200 236,100
954,700 171.800
Seventh Ward
state Of N. York..
5,272,700
2o6,700 1,293,200 3,966,900
440,860
2,000,000
American Exch’ge.
5,000,000 13,00),400
807,000 1.836,000 8,937,500
798,200
Commerce
10,000,000 18,5)5,700
325,200 3,367,600 7,125,700 2,430,400
month.
Broadwav
1,000,000
5,677,800
74,:
00
820.200
3.339,900
878,400
Latest earnings reported.
* Jan.l to latest date.
1875.
1874.
1874.
1875.
95,700
Mercantile
1,000,000
4,318,760
623,400 3,545,600 471,000
Roads.
422,700
2,2^2,000
8,200
412,860 2,007,660
. ....
$79,303 $1,252,428 $1,240,249 Pacific
Atchison, T. & S. Fe Month of Dec. $102,225
2,000,000
5,006,000
934,900
188,600 2,839,500 781,200
19,059
150,120
169,484 Republic
15,934
Bur. C. Rap.& Minn. 3d week of Feb.
Chatham
76,600
450,000
2,884,800
882.800
S,150,700
152,100
848,558
890,000
84»,55S People's.
700
177,600 1,064,200
Central Pacific
Month of Jan. 890,000
412,500
1,354,200
5,500
56,691
9,154
67,729 North America
8,004
1.000,000
2.6S6.30C
6l,f00
2H.000 2,1,8,700
Cin. Lafay. & Chic.. 3d week of Feb.
4 .384
5,965
Hanover
1,000,060
4,122.300
19.200
790,700 3.617,200 388,000
Denver & R. Grande. 3d week of Feb.
32,432
146*605 184,227 Irvine
30,063
560,000
632,000 2,501,000 171,600
2,577,000
29.0U0
Indianap. Bl. & W... 1st week of Feb.
145,281
145,281
135,008
Metropolitan
4,000,600
11,433,000
556,000
2,719,600
7.931,000 1,048,000
135,008
Iudianap. Cin.& Laf. Month of Jan.
71,300
4’5.700 1,460,200 133,3C0
600,060
1.541.000
235,075
108,061
2139,171 Citizens
112,500
Intern’l &Gt. North. Month of Feb.
l.UOO.OOO
2.402,100
19,600
220,800 2,203,500
8,900
170,349 Nassau
170.349
162,737
Kansas Pacific
Month of Jan. 162.737
1,000.000
Market’
£9So,900
301,200 353,800 1,873,100 225,000
266,333
266,333 St.
216,000
216.000
Nichoias!..’
1,000,000
82,000
255,500
714.500
2,744,*00
1,347,100
Mo. Kansas & Tex... Month of Jan.
268,298
249.250
268,298 Shoe and Leather.. 1,00 0.0 00 4,258.0(0
633,500 2,927.000 761,800
45,600
Ohio & Mississippi.. Month of
Jan. 249,250
159,091 Corn Exchange.
20,089
126,157
17,6:34
36.800 201,000 1,345,700
1,000,000
2 842,400
4.900
St. L. Alton & T. H.. 3d week of Feb.
10,819
103,054
66,906
18,218
Continental ..;
1,500,000 3 989,100
62,700 430,000 2,749,000 558.300
branches. 3d week of Feb.
do
000
1
579,900
6.800
228,400
Oriental
300
1,272,300
4,000
58,113
511,477
426,07
82,834
St. L. J. Mt.& South.. 3d week of Feb.
400.000
2,398,000
95,700 482,000 2,293,400
297
600
30,080
62,088
77,275 Marine ’
24,474
St. L. & Southeast.. 3d week of Jan.
112,600 5,219,400 18,162,<00 489,000
Importers’* Trad’rs 1,500,000 15,960 200
42,385
33,880
42,384
33,880
231,900 8/92,.00 19,314,100
St. Paul &S. City,&c. Month of Jan.
2,000.000 17.331,GOO
82,354
164,183
226,564 park
61,809
Mech. Bank’gAsso.
500,000
1.143,000
131,100
201.400
1,031.700
Toledo P. & Warsaw. 3d week of Feb.
758,832 10,559,880 10,266,103 Rrncers’
300.000
190,500
897,159
755,400
3,900
696,400 296,500
Month of Dec.
Union Pacific
21J00 221,500
709.300
NorthRiver.
4 00,000
883.600
East River
350 000
957.500
26,800 159,30 0
692,500 191,100
Tit© Gold Market.—Gold fluctuated slightly in the early
Manufact’rs’&Mer.
300.000
76:.ROC
1.800
179,400
630.700
Fourth National....
5,000,000 20,748,100
352.800 3 8o2,600 16,29i,100 2,757 0(0
part of the week, but became stronger on Thursday
714.?,000
97,000 1,514.000 6,880.000 1,434.(00
Nat Ion ai... 2 000 000
then to 115±, closing at 115.
To day the price was 115@115i. Central
Second National....
300.00 0
3<<,000 1,65.1,000 265.000
2,00,,000
Ninth National.
1,500 CGC
173.000 1,531,100 6,531,500
510 500
On loans a moderate rate was paid as usual for carrying, until to¬
6 388/00
First National......
50C,000
6>3,700
1,444.100
758.000
7,250,900
40.600
a
price
asked
borrowing,
day, when
was
for
1,000,000 6,028,100
180,000 2,111.100 7,406,200
Third National
49.400
99',6J0 264.200
NY. National Exch.
’500,000 1,418.800
8,9(0 242,000
paid were 164,1 32 per diem, 1 per cent, per annum,
Tenth National
000
1,874.000
91,400
344,200
877
1,000
916,900
500
were also made “ flat,” and later at 3 per cent, for carrying.
250,000
1,196,500
3,600
Bowery National...
260,060
949.600 200.000
1,104,000
940.000 180,000
200,000
277,CC0
On time loans of gold the following rates have been made for New York Co. Nat.
American. 2,000,000
5,159,400
110,100 890,000 4.JW«
use :
; ninety days, f ; four German
Thirty days, 3-16; sixty days,
Dry Goods
1,000.000 2,202,700
11,400 336,200 1.808,900
months, £@t ; six months,
; all year, 1$@2. Customs re
Total
$Bl",435,200 $292,017,000 $15^21,800 $51,900,600 J 233.607.500 $22,182,500
ceipts of the week were $3,375,000.
Thd deviations from the returns of previous week are as
The following table will show the course of
gold and follows:
operations of the Gold Exchange Bank each day
Dec. $2.833,1001 Net Deposits.
Dec. $2,616,300
Loans
Specie.
Inc. 3,267,600 Circulation
Dec. 101,900
week:
.
,
...
.....
....
.
.......
.
......
.
and advanced
and loans
of the past
.
Quotations.
,
Total
Balances.
Open- Low- High- Clos¬
Gold. Currency.
ing.
est.
est. ing. Clearings.
$46,622,000 $1,895,150 $2,229,394
Saturday, Feb. 27....114# 114# 114* 114*
37,115,000 1,530,516 1.768.539
114#
Monday, Mch. 1....U4# 114# 114#
32,096,000 1,354.698 1,562,141
2....114* 114# 114* 114#
Tuesday,
37,213.000 2,254,743 2,582,233
114# 115
115
Wednesday,
56,313,000 1,441,504 1,750,639
1
14#
115#
115
Thursday,
94,350,000 3,667,707 4,231,060
5
...115
115
115#
115
Friday,
,
-
,
115 $803,709 000 t
1,511,105
114# 201,362,000 1,286,200
.112* 111# 115* 115
The following are the quotations in gold for foreign and Ameri
Current week
Previous week
Jan. 1.1875, to date..
can
coin
114# 114# 115#
114# 114# 114#
...
and the rates
Dec.
Legal Tenders
The following are
Dec. 5
Dec. 12....
Dec. 19....
Dec. 26....
Jnn. 2....
Jan. 9....
Jan. 16....
Jan. 23.. .
Jan. 30....
Legal
Loans.
Specie.
286.063.000
284.903,300
285,409,800
233,665,300
14,467.200
14.218,800
13.619.500
13,397.100
284.209$*)
286.157.900
282.972,701)
284,328,500
286,452.800
291.197,700
Feb. 13... 293.111.200
Feb, 20... 294.850,100
Feb. 6....
Feb. 27.,,
2,492,2001
the totals for a
292,017,000
17.974.000
28.222,100
23,490,600
20.985,200
17,180,60 0
15,162.40 0
13.894 300
12,654,200
15,921,800
series of weeks
past.
Circa-
Tenders.
50,221,700
49,470.300
47.931,700
47.163.400
49,643,600
50,821,100
55,271.900
56,830,600
57.861.600
57.215.400
56.647.400
54,892,800
51,900,60 0
Deposits.
219,632,100
218,408.000
215.707,800
213.889,600
221,469,200
231,613.800
236.897.500
287.146,800
235.191.200
288,123,2(0
23i.832.800
236,223,800
233,607,500
lation.
29,012.600
24.304.300
24,731.600
24.6-0,100
24.622.600
Aggregate
Clearings.
580,030,5f 8
464.,82.888
452,850.412
4W..20.R65
393.2U).6o5
24,407,600 549.740..04
24.2S8.900 499.06^.583
24,153,500 4S9.49o.415
28 80 ,800 486.580.082
28.642,200 829.9M.440
£*.312.900 430.409 21
72,584,400 437.489 084
22,482,500
S4^,367,00o
Boston
we
give a statement
Specie. L.T. Notes. Deposits. Clrcnl.
$422,800
$452,600
$50,300
17(H)
Atlantic
$750,000 51.526.600
754.800
946.300
90,200
1,400
3.222.900
1,500,000
Atlas
76 ’,300
1,835,600
235.600
38,100
4.371.800
Blacks tone....
2,000,000
575.800
998.300
101,900
8,200
2.251.500
Boston
1,000.000
487.U00
667,1(0)
23,000
12,600
1.779.400
161,000
Boylston
600,000
827,000
54.0 JO
438,800
Broadway
200.000
149.800
93.500
613.800
993,400
Central
500,000
792 4(0
66..800
94U.700
4,000
2.535.400
Columbian
1,000,000
473.700
719.500
86.500
8.700
1.949.300
Continental
1,000,000
767.100
311.700
120.600
13.200
2,4*4,200
Eliot
1,000,000
117.500
81.800
565.500
12.400
881,200
Everett
400,000
392.900
1,151,200
256.SOU
80.900
2.945.500
Hall
Faneull
1,000,000
3J5.500
510,1(0
63.600
1.772.900
2,000
Freeman’s
300,000
301,40)
162.300
939.300
2.387.910
Globe
1,000,000
252.700
62 800
849.300
40.400
1.782.800
750,000
Hamilton
446,l|,o
763.200
101,000
18.900
2.418.500
Howard
1,000,000
147.6(0
646.100
60,100
11,800
1.007,000
Manufacturers
500,000
343.500
587.100
72.500
10,(00
1.557.300
Market
800,000
333.300
943.100
287.400
19.400
2.078,500
Massachusetts
800,000
245.8UC
759,403
2.300
115.300
1.365.300
Maverick
400,000
1,450,900
7.251.900
1.372,000
112,600
10.397.600
Merchants.
3,000,000
173.600
390.200
200
60.600
661,300
Mount Vernon
200,000
749.700
873.900
102.3(0
20,700
2.626.500
New England
1,000,000
615,2ou
324.400
1.881.900
27.800
3.318,9(0
North
1,000,000
314,0O(.i
1,164.6(0
135.900
272.200
2.233.500
Old Boston
900,000
554,9(1(1
553.700
201.800
12,600
2.178.400
• 1,000.000
8hawmut
482.600
210.200
1,219,800
15,500
2.853.300
Shoe & Leather
' 1,000,000
922, ICO
972.900
4.000
54,800
3.568.600
State
2,0(K).000
724.500
924.700
191,100
10,600
3,47’..ICO
Suffolk...*
1,500,000
171.7uo
729.100
20.900
155.400
1.370.800
Traders
600,000
666,(00
746,000
79 300
206,7U0
3.371.600
2,000.000
Tremont
563.1(10
781.600
6.300
106,700
2.142 300
750,000
Washington
612.900
1.136.500
493,0(0
2.300
4.274.800
First
1,000.000
649.900
600,
1,715
00
233.'
163.200
4.846,700
Second (Granite)... 1,600.000
’•67.4oo
97.000
980.800
34.800
1.402.900
Third
3 00,000
574.0«)
1.600
2.345,000
770.300
5.2-3,300
Bank of Commerce
2,000,000
565.700
500
572.700
229,200
2.077.200
Bankof N. America 1,000,000
685 500
419 O.JO
86,7(0
1,024,100
5,829.(01
B’k of Redemption. 1,000,000
786.200
662.500
14’.,200
2.834.400
Bank of Repuollc... 1,500,000
300.(ioo
2.089.300
niooo
369,000
3.189.400
Commonwealth
500,000
426.700
606.20C
12.400
53.000
1.984.600
City
1,000,000
327.200
916.600
154.300
14.9J0
2.123.300
Eagle
1,000,000
763,90(1
1,87
7.8:
)p
25-‘,900
102,500
5.218.600
Exchange
1 000,000
741,7(>C
963.300
170.600
15,b00
3.191.400
Hide & Leather
1,500,000
618.600
1.907.000
283.7(0
11.300
4.954.7(H)
Revere
2,000,000
774.500
175.500
96,100
1,000
839,500
Security
200,000
524.300
1,031.500
19,3(0
1,099 900
2,684.8(0
Union
1,000,000
466,400
83),600
74,000
1,200
2.637.800
Loans. ’
Capital.
Sanaa.
Hampshire,6s
6s
Massachusetts 6s, Gold
$52,763,700 $24,090,200
March 1, Is $26,371,2(’o.
as follows:
Total
$50,050,000 1131,810.900 $1,210,900 $9,434,400
The total amount “dne to other Banks,” as per statement of
The deviations from last week’s returns are
Decrease. #6V2('0 Deposits
Loans
3pecie...
Decrease. 164.700 Circnlation
Legal Tenders
Increase. 265,403
The
following
are
...
...
..
weeks past
Tender. Deposits. Oireu lation
Specie.
1,311.400
1.263.600
1,147.400
1,181,500
2.438.300
123.541,600
128,279.000
128.637/00
Legal
8,298.800
8,744,8(0
8.835,700
9,186,000
131,358,500
131.570,200
131.887/00
..
...
...
2.346.100
2.096.700
2.076.600
9,372.2(0
9.547,200
1,759,800
9,419.900
1,375.600
9.169.009
1,210,900
9,134,400
52,768,700
jfarch 1
24.469,600
24,435.800
24,302,200
24.555.4 0
24,6(0.500
24,433.900
52.213,100
54.873,600
54,300,610
53,235,700
54,736,400
54,538,100
51.411,600
54,760,200
2,472,500
Feb. 8
Feb. 15
Feb. 28
$4,661,400
52.990.100
52.695,000
52.309,400
9,438,100
9,850.400
9.256,900
130,731.9(10
...
Decrease. $1,491 500
53,300
Decrease.
the totals for a series of
Loans.
Date.
DS-..7
Dec. 14
Dec. 21
Dec. 28
Jan. 11
Jan. 18
Jan, 25
Feb. 1
24.311,300
24.238.000
24,210.30c
24,143,500
21,090,200
Philadelphia Banks.—The following is the average con¬
dition of the Philadelphia National Banks for the week ending-
Monday, March 1, 1875 :
Capital.
$1,500,000
1,000,000
Banks.
Philadelphia...
,
Mechanics’
Bank N. Liberties.
Southwark
.
Kensington
Penn
Western
Manufacturers’....
Ba;iK of Commercei
Gi rnrd
Tradesmen’s
.
,11
594,000
419,788
1..77,918
1.720
1,027,057
1,229,260
627,050
537,171
2 '7,( 00
1.000
32 (.990
400.000
2,340,386
86,128
1,000.000
2.515,300
621,361
411,000
2,442.000
250,000
778.116
1,278
200,000
300,d0(
3,703,000
1,430.000
1,155,65!
1,493,624
10,000
8,000
750,000
1
'r
,
8,000
36> 000
17,000
1,407.000
284.000
113,000
583.000
544,000
2.000
1,096,000
4,5'4.000
111,000
248,000
27.COO
1,063.000
433,000
91,000
$58,420,366
....
$233,352
Dec. $397,928 i Deposits.
8pecle
*lnc.
Dec.
following
Dec. 14
Dec. 21
Dec. 28
Jan. 11
Jan. 18
Ja'(. 2a......
Feb. 1
Fen. 8
Feb. 15
Feb. 22
March 1
a
.
.
.
.
8
495.955
15,144,954
60,087,330
488,346
59,515,7116
59,303,018
59,-UH 6:3
59,108,840
529.297
488 859
16,191,037
17,116,664
17,132 815
213,0(10
'
239.975
550.000
335,000
800,000
183,000
934,000
$46,834,555 $11.899,8;3
follows:
•Inc.
•
*3o5/735
Inc.
62,599
Co.S.bonCs,7s,’J5,’76,’J7
Chicago Relief non 8, 1877. ..I
Perm Imp., 6s, g. H91
|
Wash.
do
7s, K*9!
Market Stock bonds. 7s. 1992..!
Water Stock bonds 7s, 1901....j
“
“
74, 1903...!
Fund. Loan (Co-g ) 8.65s. 1924
Water Stock 6s 1369
“
“
l.i 74
5 year Cers.,7 3-10, 1875
Ten year Bonds, 6s, 1878
Fund.Loan (Cong ) 6 ,g, 1892..
49.316,453
233.362
16.317.378
46.3.34,555
49,132.220
47,270,290
11 388 343
11,395.217
11.3S7.719
11,337,374
11,399.873
Bid.! Ask
Fund. Loan (Leg).0s.g, 1902,.
Cem. of Stock 71928) 5s, at pleas
“
(l843)6s, at pleas
Ches. A (). st’k (’47) 6s. at plea--.
Board of Public Works—
Cers. Gen. Imp. 8s, 187)
do
do
_
do
Pitts., Cin. A St. Louis 7s.. ..
Sbamokin V. & Pottsv. 7b, ICC!
Sunbury A Frig 1st m. 7s. ’77.
Sunburv A Lewiston 7s, 1390..
United N. J. c ns. m. 6s, 91
107
103%
101
95 X
93
22
58
.
&
&
A
&
.
.
.
•
preferred
Cin.,Sandusky & Clev.stock
....
•
.
(Mass.)
(New Hampshire)..,
Eastern
Eastern
Fitchburg
Manchester A Lawrence
Nashua & Lowell
Northern ot New Hampshire.
.
do
Champlain
.
....
127
....
....
Old Colony
Port., Saco & Portsmouth...
Rutland common
....
j!
85
.
109k 109%
105
•••
.
'23
60
19k
50
93
Vermont & Canada
Massachusetts....
Worcester & Nashua
Vermont A
r
1
STATE AND
OITY BONDS.
do
do
do
do
do
do
,
reur
10-15, 2d.,
15-25. 3d.,
Philadelphia 6s,
ell
Allechany
Pittsburg 4s
do
5b
do
7s
New Jersey
do
.
.
.
•
'
•
•
....
105
100
Atlantic
do
pref..
pref
new
....;
51
51k
20k
19%
•
Harrisburg Lancaster AC..
Hunting ion* Broad Top .
do
Jo pre
Lehigh Valley.
LtttleSchuylkill
•
Pnllauelpbia &
50
7s,
6s,imp.,’SO...
1915
do
scrip..
60
’75
'
111
102
103k
97
104
94k
9S
104k
95
;oi
89
!01
185
CINCINNATI.
•
•
6s, boat & car, 1913
do
do
6s.C..’95
•
•
'
•
..
7k
14
63 k
48
....
53
54
Minehill
•
do
m.
Cincinnati 5s
6s
do
78
do
7-3(is
41
!
do
.' Cincinnati Southern HR. 7.30s
!0
Ham.Co.,Ohio6p.c. ong bdi-.
7 p.c.,1 to5yrs.
do
do
14><
do
do
Ig bds,7 A 7.3()p
63%
Cin. A Cov.Bridge s ock, nref
do
bonds, short
54
37k
Pennsylvania
1
5J
43
pref.
j
49.k
38'
Fast
1
.
107
Catawlssa
do
do
1
111
102
59
77
Delaware 6i
BAILKOAD STOCKS.
Camden A
....
107
105
104k 101V
6s, new
do
1
101
101
Pennsylvanla58, coup
1907
2d m., 6s,
do
6s ol ’8')... .
do
6s ol ’85
Central Ohio, 1st M.,6
Marietta A Cin., 1st M.,7, 1891
do
do
2d M.,7,1896.
Norfolk Water 8s
North. Cent. 2d M., 8. F.,4,’85.
do 3d M., 8. F., 6,1900
do
do
do Id M. <Y. AC) 6/77
do
do Cons, (gold) 6,1900
Pitts. A Connellsv.,lstM.,7, ’96
do
do
IstM., 6,1889
West Md.lstM., endorsed, 6. ’90
do
1st M., unend.. 6,'90..
do
2d M.,endorsed 6/90.
Baltimore A Ohio stock ....
Parkersburg Brand
Ceutral Ohio
do
preferred
do
do
,
PHILADELPHIA.
6s, ’97,
do
do
do
do
1890 Park 68
Baltimore A Ohio 6s of
93%
!27
...
Susquehanna 6s
UALTimOKE.
Maryland 6s, Jan., A., J. & U..
108k 108k
do
6s, Delence
;03
103k
Baltimore fs of’75
(8
;o3k
1884
do
OS
do
6s, 190C
108
...
37
36
preferred
do
115"
93
127k
.
pret..,
do
46
.
Norwich* Worcester
OgdenB. & L.
58k
58
.
gold, ’97
Morris, 1st M.,6,1876.
do
2d M„ 1876
do
boat, ’85
Pennsylvania 6s, 1910
Schuylkill Nav. 1st in.
•
•
■^conv , ’82
conv.
g,’94
do
do
8k
Bk
.
’77
do
do
....
Concord
141
Connecticut River
Connecticut A Passumpslc, p \ 50
80
Lehigh Navigation 6s. ’94
do
RK, 97....
135?* 135k
*3k 81k
121k 12! k
l5ok 156k
103k
49
47
Cheshire
74^
Warren A F. 1st m. i8,’96.. .
West Chesterconp. 7s,’91., .
West Jersey 6°, ’83
no
1st m. 6s, ”.6...
do
do 7s,’.897..
Western Penn. RH.6s, li93....
Wllmlng. A Read.,lstM.,7,19O0
do
do 2d Mort. 1902
CANAL BONDS
Delaware Division 6s, ’78
36
do
bonds, long.
,Ham. A D., 1st M., «, 80...
do
2d M.,7,'85...
do
do
do
3d M., 3,77.
Cin.. Ham.A Iud.7s guar
Cin. A Indiana, 1st M., 7
do
do 2d M..7,1877..
Colum., A Xenia, 1st M.,7, ’90
Dayton A Midi., 1st M.,7 81..
do
do
2d M.,7,’84..
do
do
3d M.,7, *88..
do To’do dep. bds,7,’81-’94
Dayton A West., 1st M.,7,1905.
•lo
do
1st M„ 6, 1905.
...
Cin
.
River.
Erie
Pntladelphla & Reading
Philadelphia A Trenton..—
United N. J. Companies
Westchester pref....
West Jersey
33%
3ik
52%
10%
11
j 3k
55%
20k
56k
20%
56%
132k
5 k
....
41
o9
OANAL stocks.
Division
Navigation
Delaware
in
Frid., Cin. A Laf., 1st M.,7
(I. AC ) 1st M.,7,1888
Miami, 6,1883
do pref
Ham. A Dayton stock....
7k Cin,
(
Schuylkill Navigation
(
A Xenia stock
ColumbuS
n% 15
do
pret.
Dayton A Michigan stock ....
BAILKOAD BONDS.
do
8 p c. st’k guar
92
91k
Allegheny Val. 7 3-10s. 1896 .
Little
1
Miami stock
do
Is E. Ext..1910 85
cinnat: Gas, stock—....
(
do
Inc. 7s end,’94 .
96
103
LOUISVILLE.
Belvidcre Delaware.1st m,8,’77 91
6s, ’82 to ’87
I
Louisville
d>
2d M. 6s,’85 99
do
do
6s.’97 to’98
93k
3d M. 6s,’87
do
do
102 k
Watei 6s, ’87 to ’89..
do
Camden A Amboy. 6s, ’75...
96
Water Stock 6s,’97.
do
do
do
6s, ’83....
do
Wharf 68
do
6s,’89....
,1c
102"
do ’
special tax 6s of ’89
do mort.6s, ’89.
do
108
J
Mad.
A I,lstM.(IAM)7, ’81
eff.,
Cam. A Atlan. 1st m, 7s, g. 1908
do
do 2d M.,7,
do
2d do7s, 1830... 104
91
95
do
do 1st M.,7,1906....
Cam A Burlington Co. 6?, ’97.
94
1
Cape May A Millville 7s
•••'
Uatawissa, 1st M. conv.,’82
Louisv. Loan,6.*81.
do
103k 1C4
do
new 7s, 1900
Lehigh
Morris
49%
50
125
7k
do
]Little
(27
..
.....
....
....
...
•
Deposits. Circulation
47.937,607
11.358,953
46.952.280
11,339,903
11.349,784
46,706 852
11,405,900
46,070,813
47,336.480
11.416.5W2
.1.489 576
49.280 815
49,448,502
11.40!,469
213.9'9
<*0
do
....
39
100
34k
80
do
do
7s, ’98
do
deb. bonds,'93
do
g.m.78,c. 1911
do
do reg, 1911
105
do
new conv. 7s, ’.893
Phil.A Read. C.Al.Co.deb.7s’92 84k
do
mtg.7s,’92 9S
...
48 600 47*
302.029
59,?l8.v9t
53,120,366
342,000
792,000
257.290
135,000
213,Of 0
3,912,0(10
17.144,185
16,to {,633
16,483,8*7
377,051
346 085
Philadelphia A Reading 6s,
•
6
8s..
Pennsylvania
176.000
•
71%
6
Albany
all stock
Lowel
Maine
Providence
Burlington & Mo. IrrTowa— a
do
in Nebrask
Boston
Boston
Boston
Boston
•
191
do
gen. m., reg.,
Perklomen 1st in. 6s,’97
Phila. A Erie 1st m.6s, ’81
do
2d m. 7s. ’88
86''
Verm’tCen.,l8t M.,cons.,7
do
2d Molt.,7,1891...
Vermont & Can., new,
•••
5i
.
Rutland, new 7s
600,0(1(1
4 50,(>00
iBid. A6k
equipment
do
funded deb
Ogdensburg & Lake oh. bs.
Old Col. & Newport Bds,.7,
.
do
201.515
WASHINGTON, I>. C.-P1UCKS.
f!
land inc. 12s.
Albany 7s
Maine 7s
Burlington & Mo. land gt. 7s.
do
do Neb. 8s. 1894
do Neb. 8s, 1!
do
Eastern Mass.. 7s
Ind. CIn.& Laf. 7s, 1869....
•
....
37
99k
107k
106 k
IU2k
took
.
Boston &
Boston &
•
• • •
•
2d 7s..
•
•
«
:i'
Topeka 1st m.7s — .*
land gt. 7s...
do
do
•
•
102
Portland 6s
Atch. &
do
-
•
....
• •
•
:
7s.906
Pennsylvania, 1st M.,6,l»fc0...
do
gen. m. 1910....
v -
....
101
.
.
Nesquehoning Valley
series of weeks past:
Specie. LegalTender
14 299.744
243.469
13.811.813
217.900
14 .239 619
223.362
11,377,890
211,516
61,047.473
60.349,785
59.682,20 4
59.62-i.422
.
.
,
Norristown
Northern Central
North Pennsylvania
Oil C’ eek A Allegheny
1,870,000
1,191,000
4,245.000
853,030
45!,coo
264,000
19,393 I Circulation
165,449 I
totals for
are the
Loans.
61.2(4.190
Date.
7s
lU3k
103k
.
Municipal 7s
do
112
.
do
5s, Gold
Boston 6s, Currency
do
Ss.gold ••••*.••••••••••
160,895
2(4,110
533,9( 0
531,630
Tne deviations from the returns of previous week are as
The
.
221.200
270,00(1
853.000
$16,317,378
Loans
Legal Tender Notes
i I
6.S03
187,lr-6
721,000
2.073,000
656,000
1,000,000
250,000
$16,435,000
I
1,943,000
1.583.000
4,220,00(1
973,500
3.034,000
l,l"»5,0i)0
776,075
667,719
435,000
222
Deposits.C
$4,120,000 $1,000,000
769.000
4,U5*,000
4.482,100
1,000,000
1,737.00(1
615,000
4 77,800
1.392,400
2,033,000
426,000
2 i 1,053
1,119,921
2.691,249
1,61)0,(00
6; 2.897
2< 8,760
242,382
339,920
.
665,868
S20.97O
1,051,000
778,604
500,000
l.ooo,cor
300,000
150,000
250,0 00
275,000
Bankof Republic.
Security
1.542,000
3.0(0
4,011
500,000
Seventu
$1,775,000
1,6*8,600
400,000
First
Third
Sixth
$45,000
L. Tender
62,2(0
300,000
Commonwealth....
Corn Exchange....
Union...
Specie
$5,275,000
4.797.000
5,383,600
2.625,000
2.0 3,600
810,000
800,000
500,00('
150,000
250,000
500,000
l('2k
102k
.
Total net
Loans.
2,000,000
.
Oil Creek 1st m. 7s, *82
Penn* N. Y.C.AP. R’96-1.
BOSTON.
Maine 6s
New
Vermont
Chicago Sewerage
Bid. A8k
SKOUBITIBS.
Bid. Ask.
SKOUBITIBS.
1,500,000
Webster
riunoMjPiiu. BiiiWumn. &c.
iiuiitathms in buskin,
of the Boston
returned to the Clearing House on Monday,
Banks*—Below
National Banks, as
March 1, 1875 :
r
[March 6, 1875,
THE CHRONICLE.
238
90 k
90s
1975
1876
1877
1878
91
.....
Series.
Certificates, Sewer, 8s, 1874-77.
Water Certificates,8s. 1377...
90%
90k
90S
91%
91 %
9!%
91%
91V
90*. 91 k
& I M'
•
•
•
....
•
•
•
•
75
Cayuga Lake 1st m. g. 7?, 1901 92
Connecting 68 1900-1904
40
Dan., H. A Wilkes, 1st m„7o,*87
Delaware more. 6s, various.... 1(0
East Penn. lBt
El. A W’mspoi
do
do
Oil Creek A
gen.
mort. 7s, 1903
Ala.ji ,ccn.7s.’89.
1 o«- V*
I
....
do
45
do
do
do
do
do
102
101
nort.7s,’88
t, 1st m, 7s. ’30. 101
do 5s,pcrp 62k
Harrisburg ! st mort.6s,’83—
H. A B. T. 1st mort. 7s, ’90
do
2d mort. 7s, ’75....
3d m. cons. 7s,’65.
do
Ithaca A Athens g. 7s, ’90
Junction 1st mort. 6s, ’85
do
2d
do
1900...
Lehigh Valley,6s, 1898..'
...
do
do
reg, 1898
do
do
do
do
7s, 1910
do
do
con. m. 6s, 1923
do
do
do reg 1923
Llu.ie Son uylkll l.lst M..7, 1877.
Northern Pacific 7 8-l0s. 19(0..
North Penn. 1st in, 6s, ’85
do
2dm. 7s, 96
••
.
„
w
r
.
63
101
108
....
101K
o3k
....
i
...
1
97 k
97k
•
do
do
..
•
62
•
2d M.
do
1
25
•
60
common.
ST. LOUIS.
101
101
107
do
94 k
Louis 6s, Long Bonds...,
loix
Jo
Water 6s gold
do
do
do (newj* ioi k
S5
rth Missouri. l6t M.7a .
...
21
tTT
J
1
g
...
105
...
r
IstM.(Leb.br.ex)7.’80-’85
Lou.L’n(Leb.br.ex)6,’9?
Consol. 1st M.,7, 1898....
do
102%
....
\
1
97
90
90
•
a
s.)6, ’86-’87
do
(Leb.Br.) 6,’86
IstM. (Mem. Br)7,’70-’75.
Lon. Loan (m.
I
.
•
do
do
’acltlc
2d M. bds.
stock
....
do
IstM. ld6s.J. A D..
lstM.gl
do F.AA
do
do
And Interest.
95k
239
CHRONICLE.
THE
March 6, 1<Ji5J
QUOTATIONS OP STOCKS AND BONDS IN NEW YORK.
United States Bonds ana active Railroad Stocks are quoted on a previous page and not repeated here. Prices represent
T. Local
Lc
Securities
are quoted in a separate list.
cent value, whatever the roar may he.
~~
Bid. Ask.
SECURITIES.
Cumberland Coal & Iron
State Bonds.
Alabama 5s, 1883
do
5s, 1836
do
8s, 1886
do
8s, 1888 ...
do
8s, Mont. & Euf ’la R.
Mariposa Land & Mining Co...
do
do
do
bonds
do
do
1st mort
do
income
do
Joliet & Chicago, 1st mort....
Louisiana & Mo., 1st in., guar
St. Louis, Jack. & Chic., 1st m
Chic., Bur. & Q. 8 p. c. 1st m..
do
do consol, m. 7s
Chicago, Rk. Island & Pacific
Central of N. J., 1st m., new..
do
1st consol...
do
bonds
do
do
do
do
do
do
New York
do
do
do
do
do
do
do
do
97J<
95%
97&
95%
do 1876.
do 1886.
do 1887.
Bounty Loan, reg..
no
coup,
6s,
6s,
6s,
68,
6s,
6s,
6s,
58,
Canal Loan, 1875.
do
1877.
do
1878.
gold reg
1887.
do
coup..1887.
do
loan .1883.
do
do ..1891.
do
do ..1875.
orris & Essex. 1st mort
2d mort
do
do
bonds
do
do
do
construction
do
do
7s of 1871
do
.
Erie, 1st mort., extended.
I
48%
59%
53%
40
11
do
do
97%
68
102
Chicago & Alton
pref
Chic., Bor. & Quincy
Cleve., Col., Cfn. & Indianap..
Cleveland & Pittsburg, guar...
pref...
Indianap. Cin. & Lafayette....
Joliet & Chicago
10S
106%
65%
90%
Dubuque & Sioux City
Erie pref
Hannibal & St. Joseph,
Illinois Central
91
57
99* 101
97'
Long Island
Marietta &
do
Cin., 1st pref
2d pref.
77
Michigan Central
Morris <fc Essex
Missouri, Kansas & Texas.
New Jersey Southern
.
N. Y., New Haven & Hartford.
Ohio & Mississippi, pref
Pacific of Missouri
Pitts., Ft. W. & Chic., guar
do
do special..
Rensselaer & Saratoga.
Rome, Watertown & Ogdens..
Louis, Alton & T. Haute...
do
do
pref
do
Belleville & So. Illinois, pref..
97%
99
9%
....
Boston Wafer Power
Canton Co Baltimore
Cent. N. J. Land Improv. Co..
Delaware & Hudson Canal
118%
American Coal
CouBolidfttlon Coal of Md
42%
,
4th do
7s, 1880
5th do
7s, 1888
7s, cons. mort. gold
Buffalo & Erie, new bonds...
Buffalo & State Line 7s
Kalamazoo & W. Pigeon, 1st
Lake Shore Div. bonds
do
Cons, coup., 1st...
do
Cons, reg., 1st
Cons, coup., 2d....
do
do
Cons, reg., 2d..
Marietta & Cin., 1st mort..
Mich. Cent., consol. 7s, 1902
do
1st m. 88,1882, s. f.
do
equlpm’t bonds...
New Jersey Southern, 1st m. 7s
do
do
consol. 7s
New York & New Haven 6s....
N. Y. Central 6s, 1883
do
6s,1887...... .
do
6s, real estate,
do
6s, subscription.
do
7s, 1876
do
78, conv., 1876
do
7s, 1865-76
do & Hudson. 1st m., coup,
do
do
lstm., reg
Hudson R. 7s, 2d m. s. fd. 188
98*
81*
7s, 3d mort., 1875
Harlem, 1st mort. 7s, coup..
ao
19
102
102%
113
103
99%
99%
96%
118%
111%
109
110
109% 110
do
do
reg
85% 86
North Missouri, 1st mort....
99%
Ohio * Miss., consol, sink. fd. 98
98%
do
do
consolidated.,
do
2d
do
do
Central Pacific gold bonds..
85%
do San Joaquin br’nch
84%
do Cal. & Oregon 1st.
do
State aid bonds
Western Pacific bonds
95%
Union Pacific, 1st mort. bonds
99
do
Land grants, 7s.
Income past due
do
Sinking fund..
Pacific R. of Mo., 1st mort.
do
do
1st Caron’t B.
2d mort
do
do
Pacific R. 7s, guarant’d by Mo.
Pitts., Ft. W. « Chic., 1st mort.
do
2d mort.
do
do
do
3d mort
Cldve. & Pitts, consol, s. fund.
do
do
3d mort
do
do
4th mort
90
80*
108%
104*
101*
104% 105
101
Col., Chic. & Ind. C. 1st mort.. 59*
do
do
2d mort..
Rome, Watert’n & Og.con. 1st 95"
St. L. & Iron Mountain, lstm..
do
do
2dm..
Alton & T. H., lit mort
109*
CITIES.
do
8s
Augusta, Ga., 7s, bonds
Charleston stock 6s
Charleston. S. C., 7s,
F. L. bds.
Columbia, S. C., 6s
Columbus, Ga., 7s, bonds
Lynchburg 6s
Macon 7s, bonds
do
new bonds, 6s
do
end., M. & C. RR.
Mobile 5s
do
8s
Montgomery 8s
Nashville 6s, old
do
6s, new
New Orleans 5s
do
consol. 6s
do
bonds, 7s
do
gold 7s, quarterly
do
10s.
to
70
...
railroads, 6s..
Richmond 6s
Savannah 7s, old
7s, new
‘
RAILROADS.
Ala. & Chatt. 1st m. 8s., end
Ala. & Tenn. R. 1st mort. 7s...
do
do
2d mort. 7s
Atlantic & Gulf, consol
do
do end. Savan’h.
do
do stock.
do
do
do
guar...
Carolina Central 1st m. 6s, g...
Central Georgia 1st mort. 7s...
do
consol, m. 7s.
do
stock
Charlotte Col. & A. 1st M. 7s...
do
do
stock
Charleston & Savannah 6s, end
Savannah & Char. 1st m. 7s....
Clieraw & Darlington 7s
East Tenn. & Georgia 6s
East Tenn. & Va. 6s, end. Tenn
fc. Tenn. Va. & Ga. 1st m. 7s...
do
do
stock
85
103
20
Georgia RR. 7s
do
stock
Greenville & Col. 7s, guar
do 7s, cert if
do
Macon & Brunswick end. 7s...
Macon & Western stock
Macon & Augusta bonds...
do
do
endorsed..
do
do
stock
80
.
Memphis & Charleston 1st 7s..
do
do
2d 7s..
do
do
stock
Memphis & Little Rock lftt m..
Mississippi Central 1st m. 7s...
.
do
I
\
2dm. 8s..,.
m. 7s..
consol. 8s.
Mississippi & Tenn. 1st
do
do
-
Montgomery & West P. 1st 8s.
70
do
do income
Mont. & Eufaula 1st 8s, g. end.
Mobile & Mont. 8s, gold, end..
Mobile & Ohio sterling
do
do
ex certil
do
94
do
do,
15
8s, interest
Kal., Alleghan. & G. R. 8s, guar
Kal. & White Pigeon 7s
Kansas City & Cameron 10s.
Kan. C., St. Jo. & C. B. 8s of ’85
Northeastern, S. C., 1st m. 8s..
do
2dm. 8s...
Orange & Alexandria, lsts, 6s.
do
do
2ds, 6s.
.
58
55
67
75
88
do
3ds, 8s.
do
do
do
4ths, 8s..
Richm’d & Potersb’g 1st m. 7s.
Rich., Fre’ksb’g & Poto.6s...
doconv.7i
do
Rich. & Dmiv. 1st consol. 6s...
Louisiana & Mo. Rlv. 1st m. 7s.
Southside, Va., 1st m. 8s...
Logans., Craw. & S. W. 8s,gld.
Michigan Air Line 8s
100
Montlcello & P. JerviB 7s, gold
Montclair 1st 7s, gold
30
Mo., Kansas & Texas
gold.
Mo. R., Ft. S. & Gulf lstm. 10s. 51
...
Land warrants,,,,
i
Memphis old bonds, 6s
do
No. 16.
Stock
Kalamazoo & South H. 8s, guar
ao
45
Atlanta, Ga., 7s
do
do 2d mort. 8s.
do stock
do
N. Orleans & Jacks. 2d m. 8s..
do certif’s8s..
do
N. Orleans & Opelous. 1st m.8t
Nashville <fc Chattanooga 6s...
Norfolk & Petersburg lstm.Sfdo
do
7i
do
2d m. 8ido
West. Extension 7s.
do
N. Haven, Mlddlet’n & W. 7s..
North. Pac. 1st m. gold 7 8-lOi..
65
Wilmington, N. C.,6s, gold....
do
do
8s, gold....
Elizabethtown & Padu. 8s, con
Evansville, T. H. & Chic. 7s, g
Flint & Pere M. 7s, Land grant
Fort W., Jackson & Sag. 8s...
Grand R. & Ind. 7s, gold, guar
do 7s, plain
do
do
do
do 2am. 10s.
N. J. Midland 1st 7s, gold
do
2d 7s
N. Y. & Osw. Mid. 1st 7s, gold,
do
do
2d 7s, conv.
60
Securities.
Southern
do
ioi"
Lake Sup. & Miss. 1st 7s, gold.
Leav., Atch. & N. W. 7s, guar..
86* Leav., Law. & Gal. 1st m., 10s..
101
35
Evansville, Hen. & Nashv. 7s.
do
do
do 8s of ’98
Keokuk & Des Moines 1st 7s...
L. Ont. Shore RR. 1st m. gld 7s.
82%
Petersburg 6s
loo"
Dutchess & Columbia 7s
Denver Paciflc 7s, gold..
Denver & Rio Grande 7s, gold
Evansville & Crawfordsv.,7s.
Erie & Pittsburg 1st 7s
do
do
2d 7s
do
do
7s, epuip...,
lnt., H. & G. N. conv. 8s
JackBon, Lansing & Sag. 8s
Jack., N. W. & S. E. lstm. g. 7s
Kansai Jac. 7s, extension, gold
7s, land grant, gld
78,
do new jgld
68, gld, June & Dec
6s, do Feb. & Aug
7s, 1876, land grant
7s, Leaven, br’nch
Incomes, No. 11.
St. L. & I. Mt, (Ark. Br.) 7s, g..
Southern Central of N. Y. 7s...
Union & Logansport 7s
Union Paciflc, So. branch, 6s, g
Walkill Valley 1st 7s, gold
West Wisconsin 7s, gold
Wisconsin Valley 8s
..
Cldc., Danv. & Vincen’s 7s, gld
HoustonI& Gt. North. 1st 7s, g.
International (Texas) 1st g.
Sandusky, Mans. & Newark 7s.
St. Louis, Vandalia & T. H. 1st.
do
do
2d, guar.
St. L. & So’ea8tern 1st 7s. gold.
do
Connecticut Valley 7s
Connecticut Western 1st 7s...
Indianapolis & St. Louis 7s
7s..
do
St. Jo. & C. Bl. 1st mort. 10s...
do
do
8 p. c.
St, Jo. & Den. C. 8s, gld, W. 1).
do
do
8s, gld, E. D..
Norfolk 6s
Grand River Valley 8s
Hous. & Texas C. l6t 7s, gold.
Indianap. & Vlncen. 1st 7s, guar
Iowa Falls & Sioux C. 1st 7s...
100*
111
ioi"
101
101
101
101
101
Chicago & Mich. Lake Shore.
Dan., Urb., Bl. & P. 1st m. 7s, g
Des Moines & Ft. Dodge 1st 7s
Detroit, Hillsdale* In. RR.8b
Detroit & Bay City 8s guar
Detroit, Eel River & Ill. 8s.
Det., Lans. & Lake M. 1st m. 8s
do
' do
2d m. 8s
92
92
95
Keokuk & St. Paul 8s...
Chicago, C. & Dub. 8s...
Chicago, Bur. & Quincy 7s
101%
101% 102
99
95
101% 101%
Chic. & Can. South. 1st m. g.7s
Ch. D. & V., I. div., 1st m. g. 7s
104
103
99%
60%
Carthage & Bur. 8s
Dixon, Peoria & Han. 8s.
(). (). & Fox R. Valley 8s.
100
iUO
98
'Southern Minn, construe. 8s...
!
.
Chicago & Iowa R. 8s....
102%
106%
102
[South Pacific 6b, gold
80
&■
Peoria & Hannibal R. 8s..
95'
! Sioux City & Pacific 6s
85
IVVf*cellaiieni]g I4"t.
30
Atchison & P. Peak, 6s, gold...
42
Atlantic & Pacific L. G. 6s, gld.
45
Atchison & Nebraska, 8p. c...
103
104%
Bur. & Mo. Rlv., stock.
Land in. 7s
102% 103%
2dS.,do 7s.... 100
3d S., do 8s.... 100
4thS., do 8s... 101
6thS., do 8s... 101
6th S., do 88.
101
Creston Branch x97
Chariton Branch x97
Bur.,C. R. & M. (M. div.), g. 7s. 45
Cairo & Fulton, 1st 7s, gold ... 50
California Pac. RR. 7s, gold... 60
do
6s, 2dm.,g
Canada & Southern 1st 7s, gold
Central Paciflc 7s, gold, conv..
Land grant 6s,g
do
Central of Iowa 1st m. 7s, gold 27%
do
2d m. 7s, gold
do
Sidney
Warsaw
8s
llnois &
Grand
Trunk
8s
Oswego & Rome 7s, guar..
Peoria, Pekin & J. 1st mort
jPeoria & Rock-1.7s, gold..
Port Huron & L. M. 7s, gld, end 25
do
do
7s, gold...
Pullman Palace Car Co. stock. 93%
do
bds, 8s, 4th series 92
Rockf’d, R. I. & St. L. 1st 7s, gld
7s, gold...
Long Island RR., 1st mort
Nashville & Decatur, 1st m. 76.
South Side, L. I., 1st m. bonds.
Western Union Tel., 1st m. 7s.
Ask
Omaha & Southwestern RR.
Rome & Watertown 7s
1884
1877
American Central 8s......
Chic. & Southwestern RR. 7s.
Chesapeake & O. 2d m. gold 7s
Col. & Hock. V. 1st 7s, 30 years
do
do
1st 7s, 10 years
do
2d 78,20 years
do
31
101
101
do
do
106
bds
.
.
Toledo, Peoria & Warsaw
Toledo, Wab.& Western, pref.
miscellaitennii Hocks
American District Telegraph..
do
do
do
Bid
SECURITIES.
per
W. & Ogdensburg 7s...
j Rome,
ltondout & Oswego
Cin., Lafayette & Chic., lstm.
Del. & Hudson Canal, 1st m„ ’91 107% 108
Chie., Dub. & Minn. 8s...
105%
do
St.
8t. Louis, Iron Mount. & South.
105
Cleve., P’vllle & Ash., old bds. 101%
new bds 101%
do
do
100
Detroit, Monroe & Tol. bonds. 99
Railroad Hocks,
Central Pacific
110%
100
do
do
2d mort..
Mich. So. 7p. c. 2d mort.
Mich. S. & N. Ind., S. F., 7 d. c.
Cleve.‘& Tol. sinking fund
do new bonds.
do
do
do
1867..
do consol, bonds....
do exmatudcoup.
do
do 2d series
do deferred bonds..
(Active previously quoted.)
do
endorsed
2d mort., 7s, 1879
3d do
7s,1883
Indianap., Bl. & W., 1st mort..
,
Albany* Susquehanna.
do
do
do
do
do
2d div.
Cedar Falls* Minn., 1st mort.
Texas, 10s, of 1876
Virginia 6s, old.
do new bonds, 1866...
do
do
108
104%
103
Long Dock bonds
86
Buff., N. Y. & Erie, 1st m., 1877
do
do
do
large bds
106"
Han. & St. Jo. land grants
81%
do
do
8s, coiiv. mort..
Illinois Central, 7 p. c., 1875... 102
98
Dubuque & Sioux City, 1st m.. 98
do 6s, 1881
do 6s. 1886.
Rhode Island 6s
South CarolIna6s
do
Jan.& July
do
April & Oct
do
Funding act, 1866..
do
Land C, 1889, J. & J.
Land C, 1889, A. AO.
do
do
7s
of 1888.
do
nonfundable bonds.
Tennessee 6s, old
do
do ex coupon,
do
do new bonds
do
do
ex coup
do
do
do
do new series
do
118%
103%
113
98
105
65
Lafayette, Bl’n & Miss., 1st m.
Han. & Central Missouri, 1st m.
Pekin.Lincoln & Decatur, lstm
Peninsula, 1st mort., conv—
95
Chic. & Milwaukee, 1st mort.
Winona & St. Peters, 1st mort
do
2d mort.
do
C..C..C.& lmrs.lBtm.7s, S. F
Del., Lack. & Western, 1st m. 103
109%
do
2dm.. 108
do
do
do
7s, conv 110% 111
do
do
5s, do
do ..1876.
North Carolina 6s, old, J. & J..
A. & O.
do
do
N. C.RR
I.& J..
do
do
A. & O..
do coup off.J. & J..
do
do do off.A.&O..
do
do
Fuddlng act, 1866...
do
1868...
do
do
New bonds, J. & J..
do
do
A. & O..
do
Special tax, Class 1.
Class 2.
do
do
do
do
Class 3.
Ohio 6s, 1875
do
do
do
108
90
100%
112%
103%
107%
109%
104%
92
Illinois & So. Iowa, 1st mort...
103%
.
100
Long bus. due ’81 to ’91 lncl..
Asylum or Uni vers., due 1892.
Han. & St. Joseph, due 1875.
Quincy & Toledo, 1st mort. 1890
41
..
100%
Funding bonds due In 1894...
108
2*2%
107% 108%
do
do
con. conv....
103
Am. Dock & Improve, bonds. 102
106
105
Mil. & St. Paul 1st m. 8s, P. D.
87
91
do
7
3-10
do
do
do
80
84
do
do
78, gold, R. D
85
do
do
lstm.,LaC.D
80
1st m.I.&M.D
do
do
71
80
1st
m.
I.
D.
do
&
do
80
do
1st m. H. & D
do
1st m. C. & M
do
do
1st Consol.
do
do
do
2d
m.
do
do
Chic. & N. Western sink, fund
do
do
lnt. bonds
do
do
consol.bds 88* 89
do
do
ext’n bds
96% 98"
do
do
1st mort.
do
dr*
cp.gld.bds 80% 80%
do
do
reg. do
Iowa Midland, 1st mort. 8s—
104*
Galena & Chicago Extended..
do
do
2d mort.... 102%
floating debt
1876
1877
1878
1879
1880
do
do
do
do
do
ex cou
Chicago & Alton sinking funt
7s, Penitentiary
68, levee bonds
8s,
do
1875..
8s,
do
Ss
..of 1910..
Michigan 6s, 1878-79
do
68,1883
do
7s, 1890
100H
Missouri 6s, due In 1875...
do
do
do
do
do
100'
101
guar...
do
Bid, Ask
SECURITIES.
Alton & T. H., 2d mort. pref...
do
do
2d mort. income
Belleville & S. Ill. R. 1st m. 8s.
Tol.. Peoria & Warsaw, E. D...
do
W.D..
do
do
do Bur. Div.
do
do 2d mort..
do
-do consoles
Tol. & Wabash, 1st m. extend,
do
do
lstm.St.L.dlv
2d mort
do
do
do
do
equlpm’t bds.
do
do
con. convert..
Hannibal & Naples, 1st mort...
Great Western, 1st mort., 1888.
do
2d inort., 1893..
5%
..
Chesapeake & Ohio 6s, 1st m..
Kentucky 6s
new
do
do
do
78, new bonds
do
7s, endorsed
do
7s, gold bonds
Indiana 5s..
Illinois 6s, coupon, 1877
do
do
1879
do
War loan
new
do
do
Bur., C. Rapids & Minn. 1st 7s, g
12
Georgia 6s
6s
do
do
2d
3d
do
do
Boston, Hartf. & Erie, 1st mort
California 7s
Louisiana
do
do
do
do
do
do
do
Ask
do pref
do
n’% 18
Maryland Coal
Pennsylvania Coal
60* 64*
Spring Mountain Coal
Railroad Bond**,
107% 109
Albany & Susq., 1st bonds..
do
8s, Ala. & Chat. R—
do
8s...,
of 1892..
Arkansas 6s, funded
do
7s,L. R. & Ft. S. 188.
do
7s, Memphis & L. R.
do
7b,L.R.,P.B.&N.O.
do
7s, Miss. O. & R. Rlv.
do
7s, Ark. Cent. R. ...
do
7s, large
Connecticut 6s.....
Bid,
8ECUBITIES.
the
.
65
..
2d m., guar. 6s.
do
do
do
3d m.68
ithni.8s
Southwest RR. Ga , 1st m.
do
stock....
S. Carolina RR. 1st in. 7s, new.
do
6s
do
7s
do
stock..........
West Alabama 8s, guar.,
!*ASf
DU v
ooui"..\s.
Tennessee St^e coupons
Virginia
do
^
coi pom
contol. coup...,.,.,,,
Memphis City coupons..,,,.,#,
3
(March 6, 1ST 5
THE CHRONICLE.
240
NEW YORK LOCAL
SECURITIES.
Slock List.
Insurance
Stock List*
Bank
Wall street.)
(Quotations by K. S. Bailey, broker, 65
Companies.
Price.
Dividends.
Capital.
Capital.
Marked thus (*) are Par Amount.
not National.
100
25
25
25
Bowery
Broadway
Bull’s Head*
Butchers & Drovers
Central
Chatham
..
Chemical
Currency
Dry Goods*
E ist River ...
Eleventh Ward*
Fifth
First
Fourth
Fulton
Gallatin
German American*..
German Exchange*...
.1.
J.
.J.
J.
200,000
IT0.000
30
„
50!
1001
100!
1
000,000
j. & j.
’600,000
M.&N.
500,000
A.& O.
F.& A.
’2(0,000
M.&N.
2*000,000
100
200,000
25
200,000
ft
40
300,000
100 1 000,000
100
'100,000
100, 1 500,100
Harlem*.......
Importers’ & Traders’.
Loaners’*
Manufctrers’& Build.*
Manhattan*
100
50
100!
100!
Manut. & Merchants*.
Marine
Market
Mechanics
25
50
25
100
ARSo’tion..
Mechanics & Traders
Mercantile
Merchants
Merchants’ Ex
Metropolis*
Metropolitan
Murray Hill*
Nassau*
New York
New York County
N Y. Nat.Exchange..
N Y. Gold Exchange
Ninth
Ninth Warn*
North America*
North River*
Oriental*
Paciilc*
Park
Peoples*
Phenix
Produce*
Republic
St. Nicholas
Seventh Ward
Second
Shoe and Leather
Sixth
State otNew York....
Tenth
Third
Tradesmen’s
Union
West Side*
*
3% Feb.12,’74.3%
9
Jan.10,’75... 4
10
Feb. 10.‘75. .5
Jan. 2.’75..3%
a
Jan 2, ’75...5
3.000,000
1,000,000
500,000
4,000,000
200,000
Q-F.
2,000,000
25
20
4’.2,500
J. & .T.
,1. & J
1,800.000
J. & J.
500.000
1.500.000
180,900
4
8
10
14
.
F.&A.
F.&A.
J. & J.
J. & J.
J. & J.
J.& J.
M.&N.
J. & J.
J.& ,1.
J. & «J.
M.&N.
•T. & J
300,000
1,000,000
100!
200.000
100! 2,000,000
100! 1,(100.000
1001 1.000.000
40! 1, (XX), 000
1,500,n<X)
ltH) i
200,000
i
12
I
LongIsland(Bkly.)
.....
Manuf & Builders’.
Manhattan
...
•
......
113
*73. ..5
’73...3
„
93
.4
July 1, ’74.8%
Jan. 2. ’75...6
.
.
’172”
142
-
-
North River
Paciilc
Park
Peter Cooper
People’s
Phenix (B’klvn) v.
Produce
Belief
....
12
.
.
.
11
8
Republic —
...
•
f
*
t- •
*
I
Star
Starling
Bid.
Askd
225
230
diviueud.
50
500,000
25
25
10C
20
20
50
350,000
200,000
200,000
150,000
150,000
Stuyvesant
Tradesmen’s
United States
Williamsburg Cltv
2,000,000
1,200,000
Brooklyn Gas Light Co
Citizens’Gas Co (Bklyn
certificates
do
Harlem
Jersey City &
Hoboken
Manhattan
Metropolitan
Mutual,N. Y
Nassau. Brooklyn
do
A. & O.
1,850,000
386,000
4,000,000
2,800,000
F.&A.
J. & J.
J. & J.
M. & S.
J. & J.
5 000.000
1,000.000
scrip
New York
People’s (Brooklyn)
do
bonds
Westchester County
do
Williamsburg
do
Q-J.
300.000
750,000
certiiicates
do
scrip
•Tan.. ,’75
Jan. 15.’75
Q-F.
5(H),000
M.&N.
4,000,000
1,000,000
300,000
M.&S.
F.&A.
400,000
1,000,000
1,000,000
J. & J.
.7. & J.
it*
‘
5
1*2%
3% Jan.,
’75
5 ;Jan.,
'75.
15.
Broadway A Seventh,
Ave—stock.
100,
900,000
694,000
t000i
100 2,100,000
1000 1,600,000
10 2,000,000
300,000
; 1000
& J.
J. & J.
J
.
J.&D.
1st mortgage
Q-F.
Brooklyn City—stock
J. & J.
1st mortgage
J. & J.
200,000
Broadway (Brooklyn)—stock
I 100 400.000 '
Brooklyn A Hunter's Pt—stock... 100
J & J.
1st mortgage bonds
i 1000 900,000
115,000 ; A.& O.
Atlantic Ao , Brooklyn—1st mort.! 500
100,000 ! A.& O.
2d
do
j 500
3rd
do
I 5(H) 164,000 ! J & J
central Pk, N. A E. River—stock) 100 1,161,000 ! F. & A.
st mortgage
1000 550.000 !
2d
do
! 1000 j 600,000 | M.&N.
650.030 j
Christopher A 'tenth Street—stock;
307,000 J. & J.
Cmeu Inland A Brook'n—ist mort j 1000
.
.
.
.
»u
|
|
69
7
1884
90
3
7
Feb,\5
1872
5
Jan.,75
t
.
.
E. B. A Battery—stock lot) 1,‘200,000
900.000
1st mortgage,
cons’d
biyh th Avenue—stock
ist mortgage
1 Id St. (£ Grand St terry—stock..
mortgage
1st
Central Cross
1st mortgage
yinth
town — stock
Avenue—stock.....
1st mortgage
...
Second Avenue—stock
1st mortgage
mortgage
3d mortgage
Cons. Convertible
Sir,th Avenue- stock
1st (Mortgage
7 bird Avenue—stock.
1st mortgage
zrt
wenly-ihira Street—stocK...
mortgage
This column
1000
100
1000
|...
....
.
100
100
1000
50
1000
It). 0
1000
1000
100
1000
100
1000
100
lino
1,000,000
203,000
750,000
220,000
560,000
200,000
797,000
167,000
!,( 99.500
350,000
200,000
150,000
899,f 00
*
750,000.
250,000
2,000,000
2,000,000
600,000
120,000
thowsliast dividend on clocks,
Q-F.
J.&I)
J. & J.
J. & J.
M.&N.
A. & O.
70
95
195
t
100
102
152%
72%
85
L8-8
18=1
1831
18-5
-
::::::
...
Dry Dock,
’<£*»
70%
68
35
1882
1890
7
..
1877
7
•i
6
7
5
7
•
•
,
70
..
Feb.,’75
.
.
Q— F.
J. & J.
.
Jan..’75
90
J & J.
M.&N.
155
10U
Nov.l,'7j
100
1873
Feb.'74
1877
SO
f* —
70
13
7%
-
7
10
10
15
io
10
14
10
20
10
20
10
5
10
10
20
10
5
‘20
4
20
25
5
20
12
16
3%
12
ii
10
20
20
J mi.,15..5
Jan ’75. .5
j 66
It'S
.....
,
110
...
Jan..’75..5
Jan.,’75.10
’75..5
Jau., ’75.19
Jan., 75.10
,ian..
Jan.,15..6
•20
20
1U
10
12
*20
18
•20
14
10
12
30
20
20
IS
10
Jan.,’75.10
Feb.. *75.10
Jan., 15. .5
Jan., *75..5
90
t
.
-
t*i
mf
•
.
tf.
170
130
. .
.
.
.
t .
t
t
...»
Oct.,"74. .6
Jan.,’75.10 210
•Jan., ’71.10 .150
F*-b.,’75.10 204
.Jan., 75.10 150
JaD., 15.10 115
...
•
....
105
SO
185
70
162
ISO
100
1=5
155
SO
no
Jan.,’75..5
■«
140
Jan., ’75. .8
Jan., 15. .5
Jan.j 15. .5 105
Jan., 15..7 100
Jan., ’75.20 200
20
13
10
Sep.,14,..5
’75.1c
Jan., In.10
.Jan.* 75.10
10
15
10
10
10
20
10
10
17
10
20
20
10
7
320
105
1(15
85
150
160
150
ISO
£7
100
162
1 Ji<n..
10
10
15
T*
j
100
......
.Jan.,In.. .6
.Jan., ’75. .6
J»n.,’i5..8
15
7
10
‘20
•20
5
10
10
20
10
Jan.,’75..5
Jan.,’75..5
10
10
....
.
Jan., 75..10
Jan., ’75. 5
Jan., .5..5
•.
|M,,,
•
t
*
•
...<
120
......
.
.
48,051
10
10
3%
16
191,749
90.597
20
io
10
5
12
153,966 14
246,825 114
14
71 077
165.369
256.690
I10
14
10
Jan
.
85
81
185
......
125
ISO
Feb., 15.10
10
u
15
10
J*n.,
’75..5
Feb.,’75. .5
Jan., 15. .6
Jan.,' 15..5
Feb.,’75 .5
Jan., 15.10
J»n., 15.10
Jan., 15.. 8
Jan.415.lt
I10 112
....
f.
180
95
20
10
16
10
14
......
......
75
5
10
13
10
14
......
’75 .5
20
io 10
61,403 10
12 i,506 10% 15V 6
r,
10
78,980 10
85
.Jan., ’75. 5
ian., 15. .5
jHn., 15. .5
9% 11
101,002 10
58,977
30,441
io
5
and prolit serin
2) per cent by
[Quotations by Geo. K. Sistare, 24 Nassau
7
1890
4
Feb., ‘75
yew York:
Water stock
IS 11-63.
1854-57.
do
Croton water stock.. 18*15-51.
do
do
..1852-60.
Croton Aqued’ct stock.1865.
do
pipes and mains
do
reservoir bonds
.
90
85
150
140
160
‘.65
,filH
.
...
....
the Home
Street.]
do
do
do
do
May &
do
3
150
100
ioo
96
1 100'
also date of maturity of bonds.
do
do
do
May &
Jersey City:
Water loan
do
Sewerage bonds
Bergen bonds
....1869.
var.
6g.
6
1866-69.
1868-69.
Assessment bonds... 1870-71.
7
7
7
[Quotations by N.T. Berks. Jr.,
Brooklyn - Local Improvem’t
January &
Jan., May, July
January &
no
Water loan
do
..
fFlat.
1372-79
do
do
do
do
do
do
do
1875-91
91
100
90
1(9
100
107
98
90
99
97
92
101X
91
101X
101#
109
101X
91
tOlX
93
109
106
99
98
109
105
101X
99
102
•101
97
96
104* 10S
110
107
97
96
105
103
69
S3
99
99
99
99
102
102
101
101
102
105
st.]
July,
May & November,
do
1877-
1899-1902
1874-1900
& Nov.
Broker, 2% Wall
1878
1894-97
1878-75
1879-82
do
do
do
do
1901
1876
1889
1879-90
1901
1888
July.
do
do
do
do
do
bonds
Bridge bonds
1371-76
dc
do
do
do
do
do
do
do
188:5-90
1884-1911
1884-1900
1907-11
1874-98
1S74-95'
November.
do
6
7
1SC9-71
do
do
do
do
do
do
do
do
1870-80
1875-79
1890
November.
do
1852-67.
City bonds
Kings Co. bonds..
do
do
*
Ex Jan. Interest.
do
do
do
do
May & November.
stock.... 1S69
Co
Aug.& Nov.
Feb.,May Aug.&Nov,
Central Park bonds.. 1853-57.
do
do
..1853-65.
Dock bonds
1852.
do
1870.
Floating debt stock... . 1860.
Market stock
...1865-68.
Soldiers’aid fund
1863.
do
1863.
do
Im provement
Months Tayable
Feb., May
do
Park bonds
Water loan
1890
an.,15
Rate.
City bonds
1876
1885
1SS8
J
....
&
20
14
16
12
10
250.000
95
5
7
4
7
....
850,139 20
165,216 11
211,544 12
182,708 6
200,000
150,000
250,000
Consolidated bonds
J. & J.
2
7
7
7
7
10
10
10
5
io
200,000
200.000
Street imp. stock'.......var.
do
do
var.
75
J. & I).
F & A.
A. & O.
M.&N.
M &N
J. & J'
8%
17% 20
15
200,000
85
60
Q.-F.
2J
28
,
City Securities.
98
105
135
100
1880
Jan., 75
’
12% 12%
0,985 20
196,001 16
150,000
'95'
7
3
7
7
7
7
•20
10
10
10
160
100
SO
100
4
10
Interest.
97
.
10
15
50
10
Feb.,’75..5
Jan., 15..S
Jan
’ i5. .5
J til..’75...8
Jan.,’75.25 soo
S3
.ian,, ’75. .5
10
-
88
10
10
....
T
120
35
no
80
95
110
125
5
»
2(H),(ICO
200,000
2(H),000
120*:
••••••
10
122,479 10
50,008 11
151,863 10
36,755
-121,476 i*2
2.34,314 20
200.000
115
2451
! io
10
15
12,200
75
124
112
240
110
Jan., ’7;>. .<>
io
536,222
U6
93
85
10
.
20,529
426,524
128,600
i;o
100
93
90
7
*
Bleecker St.it Fulton Ferry—stock
1st mortgage —
205
210
160
160
110
.
.
liabilities, including reinsurance, capital
‘if 6'
120
97
M0
i ’74.
inov.
.
.
....
96,618
106
210
10
9%
10
10
t
72%
95
150
96
4,’75
Jan.
4
7
200,000
300,000
280
115X
’75
fan..
all
.
115/712
187,759
315,753 18
200,000
‘i()5*
30.’74
Mch 9, 75
; 5
Q-F.
125
over
1,000,000
2f»
2'>
50:
70
fO
142
1(5
70
75
104
200
.
tStock dividends of 25 percent by the Hanover, and
have since been declared out of above net surplus.
100
.
Dec.
10
*
150
Oct., ’14.
Feb., ’75.
Jan
’75.
200.000
ll'f
5(
100
lOi
i(X
25
.
Askd
.
67 238
250,000
200,000
150,000
200,000
200,000
300,000
200,000
200,000
200,000
210,000
200,000
200,000
10C
25
5C
ICC
1(X
25
Standard
Last
Par;Amount. Periods.
•
Rutgers’
Safeguard
St.Nicholas
Stocks and Bonds.
| Quotations by Charles Otis, 47 Exchange Place.]
i
Ridgewood
Resolute
and City It.11.
Gas
Exchange
.
169,447
am nm
TO
50
50
Niagara
......
,.
150,000
200,000
(B’klyn)..,
37%
National
85
N. Y. Equitable....
New York Fire ... 100
N. Y. & \ onkers.. 100
.....
....
200,000
50
Nassau
.
....
P5
140
140
Feb.l 15...3
Jan. 2,’75...6
Jan. 2,'75...5
.
.
150,000
50
50
^Mercantile..
Merchants’
Metropolitan
Montauk (B’klyn).
100
••••••
,
10
29,741
143,162
77,712
14,861
236,241
174,612
80,264
121,317
83,445
79.363
280,000
25
Mech.&Trad’r8’—
Mechanlcs’(Bklyn)
.....
Jan. 2, '75.. .4
.
Lenox
.....
j
8
105
127
Jan. 2,’75...7
Jan. 2, ’75...4
Jan. 2. ’75
......
181
‘71. .4
Nov.10,’74. .4
Jan. 2. ’75...5
•Jan.,
Knickerbocker
Lafayette (B’klyn)
Lamar.. *.
99
Jan. 2.’75.3%
3% Julyl3,’74.o%
*1*02"
Feb. 8, ’75. 4 'ioo%
8
112
8
Feb. 8. ‘75. .4
Jan. 2.’75...3 I
3
Jan. 2. '75.. .7
12
Jan. 2,*75...6
12
Jan.
2, '75.. .4
s
8
Nov.10,’74.. 4
Jan.2’7i.2%g
2%
8
Jan. 2.15-. 4
Jan. 2.’75...5
10
136
Nov 2,74...5
10
\
8
Jan. 2. ’75...4
1
!
8
119
101
20
40
50
100
25
50
25
100
100
(B'klyn)
Kings Co.
.
.
...
.
+885,281 io
500,000
2(H), 000
200,000
200,010
150,000
80
Jefferson
113
•
125,796 10
1329,(97 8%
90,653
500,000
2(H), 000
3,000,000
150,000
100
Irving
.
...
Oct. 1.
.
|
1
9
.
Importers’* Trad..
....
•
2,‘75...4
Jan.2, ’75..4
Jan. 4, *75.. .5
8
7
12
12
12
10
7
8
5
6
111
Hope
94
200, m
150,000
15
•
398,751 io
116,672 11
825,224 22
43.007 10
500,000
200,000
200,000
50
50
100
25
50
50
.
.
97,940 io
19,937 10
322,559
200,000
1,000,000
100
.
•
.
10
14
10
....
...
150,000
25
Howard
......
Jan.
May,
3%
2,000,000
:ooi l.ooo.ooo
100
300,000
.
no
1
(
.
.
.....
Nov. 2,*71,..4
Jan. 2. ’75...4
8
12
12
12
10
7
250,000
.....
.
9
8
......
rr
.
147
204,000
150,000
•50
Hanover
H oilman
Home
......
Ian.
Jan. 2, '75 ..5
13
6
5
8
8
8
.
.
......
2,'75...5 i’6‘
s10
8
8
10
io
422.700
200,000
500,000
4
,
.
......
10
8
6
50
ion
1,000,000
3,000,000
...
.
.
200,000
50
Germania
Globe
Greenwich
Guardian
Hamilton
......
......
VA Nov.2,’74..3%
Nov.2.’74,...5
8
A. & ().
195
127
Jaa. 2, ’75...7
Jan. 2, '75...5
Jan. 2.'75...6
10
10
10
10
400,000
300, (XX)
50
12
7
10
10
10
10
1,000,000
loo;
12
4
100
50
25
1001
8
11
200,(HO
200,000
100
100
German-American
....
300,000
200,00a
17
•
•
3% 10
10
5
14
6
....
....
200,000
1,000,000
10
10
Gcbhard
99
......
—
Firemen’sFund....
Firemen’s Trust...
101
99%
.
.
Farragut
Firemen’s
......
300,000
200,000
80
50
Exchange
‘210“
S
8
14
10
M.&N.
J. & J.
J. & J.
,1. & J.
J. & ,J.
1,000,000
'
1,14..10
Hov.l,14..10
Jan. 2, ’15.. .5
.July 1.14... 4
v! Cii. 1, ’75. .4
250,000
100
1(0
Empire City
Emporium
90
200,0(0
200,000
153,000
800,000
210,000
40
Eagle
99
167
28%
163
127
86
300,000
70
100
o0
100
50
100
Commerce Fire....
Commercial
Continental
.
.
200.000
200,000
25
17
20
Ulintnn
......
.
200 000
20
50
25
100
Brooklyn
Citizens’.
City
c
200,000
100
Broadway
......
'206"
1 May,
!
Brewers’ & M’lst’rs
„
....
•
......
’74...8
! May 1, ’74...7
7
10
8
8
M.&S.
J. & J.
J. & J.
J. & J.
F.&A.
J. & .1.
F.&A.
J. & J.
J. & J.
.1. & .1.
J. & J.
M.&N.
M.&N.
......
Feb. 1,
*
•
••
Columbia
11 2-3 Nov.2, ’74.,-5
8
Oct. i0,’74...4
M.&N.
J. & J.
,T. & J.
500,000
600,000
100
1001
Jaa. 2. '75...8
Jan. 2, *73...4
8
8
M.&N.
J. & J.
J. & .T.
J. & .T.
J. & J.
J. & J.
J. & J.
J. & .T.
J & J
J & J.
100
100
100
100
14
20
10
1,000.000
2.000,000
100
•ian. 2, ‘75.2%
10
800,000
400,000
50
50
100
100
100
100
100
11
20
2.050,000
1(K
7
July 1,'74...4
July 10,13.3%
Jan. 2, ’75...4
Jan. 4, '75.3%
8
9
10
8
Atlantic
Bowery
» * ^ *
...
...
Arctic
^
f
-
Exch’e..
Bid.
Jan.,’75..5
J»n., ’7S. .7
14
Jan., ’75..7
17
10
Jan., ’75. .5
12
7% Jan., 15. .4
5
10
Jail., ’75. .5
10
10
ro
Jan., ’75. .5
10
20
20
Dec., ’74.10
20
20
5
July, *74. .5
20
20
Feb., ’75.10
is
14
|
30
20
20
Jan., ’75.10
20
l8n ,’7">..10
14
13
10% 17
20
Feb., 75.10
14%
14% 20
17
17
10
Jan., ’75. ‘.0
14
156,907 1
10
Jan., ’75. .5
10
49,737 j 10
10
5
Jan., ’75..5
10
27,478 10
13
5
Jan., ’75.10
11
1‘23,6 T9 10
10
Jan,’i5.4.80
8% 8%
407.601 20
SO
Oi t., ’75.15
20
20
433.1H 9 20
10
10
Jan., (5 .1
10
119,558 10
J an., ’75. .5
‘0
26,236
0
5
10
Jan., ’75. .5
92,615
10
Jan., ’75.. 5
s% 10
94,133 !
13
5
5
Jan., ’75. .8
105,654 i 10
10
•Jan., 75. .5
SI ,306
400.000
-
1871 1872 1373 1874 Last Paid.
2‘2,i:7
54,339
244,663
68,766
5,015
15,436
106,686
390,375
7,721
260,575
240,411
212,373
209.894
200,000
50
1(H)
Price.
Dividends.
plus,
200.000
25
100
Amity
.....
10
600,000
500,000
4 f 0,000
100
100
Leather Manufactrs..
......
M.&N.
’500.000
50
Irving
& J.
& J.
& ,J.
ri-
500 00')
5
&
^Etna
American
American
Net Sue
Jan. 1,
1875.*
Par Amount.
Adriatic
......
4
10
91
1U
20
3
4
10
8
10
12
7
8
7
14
15
F.&A.
1,000,000
350,000
100
Hanover
Meeh. Bkg
.!.& J.
J. & J.
«J&Q#
15.. .5 155
717% iis
Nov 2,’74...4
Jan. 2. ’75. .6
270
Jan. 2, ’75.. 12
Mch. 1,’75. .5
137
Jan. 2, ’75...5 132
100
Jan. 2,’75...4
•Inn. 2. ’75...5
1.600
-*
Jan V,’7»..25
Jan. 2, ’75...5 124
Feb. 1, ’15...5 800
iio%
Jan. 4, 75. .-4 118
91
Jan. 4.’75...4
Feb. 1, '75...5 125
10
-
Askd
Bid.
Last Paid.
....
8
12
100
10
20
8
Q-F.
1,000,000
100
100
Germania*
Greenwich*
Grocers*
16
10
J, & J.
2,000,000 J. & J.
450,000 J. & J.
800,000 ev. 2 liios
6iX),00C J. & J.
100
100
100
100
25
25
....
24
Q-J.
100110,000.000
1,500,000
1,000 000
100,000
Commerce
Continental
Corn Exchange*
10
8
12
21
800,000
25
100
City..
10
8
M.&N.
J.& J.
.1. & J.
1,000,000
300,000
10U
25
100
Citizens’
1874
.3. & J.
3,000.000
5.000,000
250,000
100
100
America*
American Exchange.
1873
Companies.
1875-80
1881-95
1915-24
1903
1915
1902-1905
1881-95
1880-83
1975-80
105
108%
109
1(8
1C1
101
105.*
99
106
109X
no
109
102
101#
106 X
101
March <5,
241
THE
1876.]
Investments
AND
STATE, CITY AND
CORPORATION FINANCES.
Balzer, T. L. Leland, and Stillman Witt. At a subsequent meet¬
ing of the newly elected Board of Directors J. H. Devereux was
chosen President; H. B. Hurlbut, Vice-President; Geo. H. Russell,
Secretary and Treasurer.
Central.—This company is
Indiana, by the Pitts¬
EXPLANATION OF STOCK AND BOND TABLES.
burgh Cincinnati & St. Louis Railway Company, the lessee,
to compel a specific performance of the terms of tlie lease of Jan.
1
Prices of the most Active Stocks and Bonds are given in the “ Bank
ers’ Gazette,” previously.
Full quotations of all other securities will be 22, 1869, and tlie amended lease, dated Feb. 1,1870, in regard to
found on preceding pages.
consolidating all its debt, except the $15,821,000 guaranteed bonds,
2. Government Securities, with full information in regard tq each
convertible bond of a total issue of $10,000,000.
into
ssue, the periods of interest payment, size or denomination of bonds, and
Iu New York the committees of first aud second mortgage
numerous other details, are given in the U. S. Debt statement published in
The Chronicle on the first of each month.
bondholders have submitted agreements for bondholders to sign,
3. City Bonds, and Bank, Insurance, City Railroad and
abstracts of which are presented below. The chief inducement
Gas Stocks, with quotations, will usually be published the first three
for purchasing these bonds was the security furnished by the
weeks of each month, on the page immediately preceding this
4. Tlie Complete Tables of State Securities, City Securi¬
lease, which lease was guaranteed by the Pennsylvania Railroad.
ties, and Railroad and Miscellaneous Stocks and Bonds By the terms of both the first and the amended leases, a minimum
will be regularly published on the last Saturday in each month. The publi¬
rental was guaranteed sufficient to pay interest on tlie first mort¬
cation of these tables, occupying fourteen pages, requires the issue of a
supplement, which is neatly stitched in with the usual edition and furnished gage of $15,000,000, aud on second mortgage bonds of $821,000 ;
to ail regular subscribers of The Chronicle.
but the payment of interest on $5,000,000 of second mortgage
bonds was only guaranteed by the lease of 1869, and not by the
Georgia Finances.—A resolution lias been passed through the amended lease of 1370. The lessees and guarantors claim that
Georgia Legislature recognizing the validity of the first issue of the amended lease’did away with tlie first, and that they have
the Macon & Brunswick Railroad bonds, and pronouncing the
consequently no liability for interest on the second mortgages,
second supplemental issue—$600,000—invalid. An attempt was which went to default in August, 1874; this is coutested, and a
made to except such bonds as had been bought on the strength
suit is now pending against tlie Pennsylvania Railroad to have
of the resolution passed in 1872 declaring them valid, but the
the provisions of the first lease carried out.
On the first mort¬
House refused to make the exception.
gage bonds there lias yet been no default in interest, and the next
—Tlie sub-finance committee appointed to examine the treasury
coupon falls due April 1.
It is said that there lias been default
made a voluminous report Feb. 23, from which we extract the
recently on some small amounts of underlying first mortgages,
principal points, as given in the Baltimore Sun : The 1st of Jan¬ which have never been converted into the first consolidated
uary last Treasurer Jones reported cash on hand one million
mortgage of $15,000,000, but it is to be observed as to such bonds,
three thousand dollars ; since that time collected $167,000, making that
they did not bear tlie memorandum of endorsement, stating
total for which he is held responsible $1,170,000, for which lie that
they were guaranteed by the Pennsylvania Railroad Com¬
furnishes a satisfactory account except for $68,000. and of this
pany.
he shows informal vouchers for all but $4,000.
The committee
The main inducement to purchasers of the bonds was this
iurther state that Treasurer Jones has illegally paid $152,000, old
guaranty, and tlieir principal inquiry now is, not at to the possi¬
bonds, due January, 1872, some being part of the bonds said by bility of a foreclosure of the C. C. & I. C. road, but as to the
Bullock to have been paid by Clews. Jones states in extenua¬
liability of the Pennsylvania Railroad on the guaranty. Fortu¬
tion that he had no notice of previous payments.
nately, there seems to be little dispute about llie facts, and the
Committee’s former report, quoted at
some length in the
South Carolina Finances.—A committee of the South Caro
lina House of Representatives report that $978,000 of State Chronicle of January 16, 1875, p. 61, set forth very clearly the
bonds which had been illegally hypothecated have been fraudu
circumstances of the lease, guaranty, and memorandum of en¬
lently funded, as have $241,000 of coupons which matured when dorsement on the bonds. With the facts admitted, the legal
the State was paying interest, and $197,000 detached from bonds question ought to be a simple one—not as to tlie litigation be¬
which belonged to the State.
They accuse State Treasurer Car- tween the C. C. & I. C. and its lessee, but, plainly, as to whether
dozo and Owens, ex-Chairman of the State Finance Committee.
action will lie against the Pennsylvania Railroad, by a bona
The Treasurer is also accused of taking $50,000 from the interest fide holder of the endorsed bonds to collect his interest if it be¬
fund to pay tlie Legislnture.
overdue. If an action lies, it would not be the tedious pro¬
of
foreclosure, but a simple suit on the guaranty. As to the
New York City Stock.—Bids for $985,600 of six per cent.
guaranty two points are particularly clear, which seem to be
Assessment Fund stock of the City of New York were received
yesterday by the Comptroller. The total bid for was $4,282,700 mixed up in the minds of some—first, that the first and second
mortgage bondholders stand on entirely different grounds; and
at prices from par to 102.
secondly, that the'legal points involved between the railroad
Chicago Danville & Vincennes.—It is difficult to get at the
companies themselves is one matter, and the lights of the bond¬
facts concerning the affairs of this road which led to an appoint¬
holders as against the companies is a question of altogether dif¬
ment of a receiver. The officers in this city claim that the transac¬
ferent character.
tion of the plaintiff^s in the nature of a fraudulent suit and bis
SYNorsrs.
allegations false. In the Will County Circuit Court of Illinois,
The Committee for the First Mortgage Bondholders is ernpow Feb. 23, in the suit of Stephen Osgood vs. Chicago Danville &
Columbus Chicago &
sued iu the United States
Indiana
District Court iu
•
a
a
an
comes
cess
*
and receiver,
sustained. Henry B.
Hammond and John Brown were appointed receivers, bond in the
sum of $150,000.
The bill charges that the mortgage given to
secure the last issue of bonds, of January, 1875, is illegal, frau¬
dulent and void, inasinncli as it was not directed or approved by
the stockholders and two-thirds of the bondholders of the road.
It says that the mortgage indebtedness of tlie road aggregates
$6,525,000, or upward of $44,000 per mile, more than double the
fair cost of building and equipping the road.
There is also an
unsecured indebtedness of $862,826, besides which there is *an
indebtedness to the firm of J. E. Young & Co. of $700,000 more.
This firm consists of Joseph E. Young, the general manager of
Vincennes Railroad Company, bill for injunction
the motion for appointment of receiver was
subscribing Bondholders, until at
Bonds outstanding
ered to protect the rights of the
least half of the First Consolidated Mortgage
shall have come into this agreement; then a permanent
tee shall be elected by a majority in interest.
In like manner the Committee of the {Second Mortgage
holders.
Either of the permanent Committees may,
necessary,
Commit¬
Bond¬
fore¬
whatever may
bondholders.
The Committees are authorized to negotiate with any or all the
parties interested, for tile purpose of making such arrangements,
variations, or adjustments of our claim as Bondholders, as may
seem to them expedient.
But such arrangement shall be of no
the company, from its organization up to January last; William effect unless ratified at a general meeting by two-thirds in
B. Judson, the President, and Amos Tenney, the Treasurer of the interest.
In
it is deemed advisable to foreclose, the subscribing
road.
There is also outstanding paper of the road to the amount
for the purpose of completing the purchase by fur¬
Bondholders,
of $500,000.
The bill also says that the road has accepted con¬
what
nishing
may be required otherwise than by the use of
veyance of title to a large amount of property in Chicago from
Samuel J. Walker and Joseph E. Young, and has executed its Bonds, may be assessed 20 per cent, of the face of their Bonds on
written guaranty by the bands of the President, obligating itself those holding First Mortgage Bonds, if purchased on foreclosure
to pay at varous times an aggregate of $500,000 therefor.
This by their Committee ; and but 10 per cent, from those holding
brings up the total liabilities to $9,000,000, or at the rate of $68,- Second Mortgage Bonds, if purchased by their Committee.
This provision is of importance as giving the Committees a re¬
OUO per mile, whereas the entire road and all its property is
returned to the Auditor of Public Accounts of Illinois as worth in serve, in case of emergency, to bid in the road, to meet legal ex¬
cash only $361,117 90.
penses, and the dividends due to Bondholders who shall not have
into this agreement.
But, practically, there is little proba¬
—The following report of the earnings of the Chicago Danville
& Vincennes Railroad Company, for the year ending December bility the Committee thinks of such assessment.
In case of adjustment, without foreclosure, the Bonds and Cou¬
31,1874, has been issued by tlie officers :
pons
will be returned upon order, and tlie surrender of tlie said
From general freight
$333,031 08
From coal freight.
2~6,S31 61 certificates.
From passengers
120,722 13
To meet the expenses of the Committees, each subscribing
From express mail and miscellaneous
33,878 22 Bondholder shall, when required, pay five dollars for each of his
if
close, buy in at foreclosure sale, and generally do
seem needful for the protection of the subscribing
case
come
$745,068 94
414,548 18
Net earnings
$330,515 76
Cleveland Columbus C. & I.—The annual meeting of the
stockholders was held iu Cleveland March 3d.
About ten mil¬
lions of the stock was represented, and only one ticket was in
Total earnings
expenses.
Operating
the field,
which it is
viously agreed upon.
J. H. Devereux, H. J.
James Barnett, Amos
Bonds.
at
a
Neither Committee shall spend more
general meeting of the subscribing
unless so authorized
Bondholders. Towards
Bondholder shall
such further expense as may be authorized, each
contribute pro rata.
Messrs. Adrian Iselin, William Whitewright, James Millikeu,
William II. Gebbardand Frederic J. de Peyster are on the Com¬
mittee for First Mortgage Bondholders.
For the Second Mortgage Bondholders the Committee
com¬
understood was a compromise ticket pre¬
is
The Directors elected are II. B. Hurlbut
Jewett, T. P. Handy, S. Burke, B. S. Brown’ posed of Messrs. Adrian Van Sinderen, Frederick D. Tappan,
Walter L. Cutting, George B. Warren, Jr., aud Thomas Denny,
Townsend, R. M. Shoemaker, Hermann R’
Detroit & Milwaukee Railroad.—A
plan of re-organization
is proposed in a circular issued by the president
and addressed to the holders of the first and
second mortgage and the funded coupon bonds. The circular
states that the condition of the road, financially and physically,
prevents all hope of its being able to meet its pressing engage¬
ments.
The road did not meet its regular cost of working and
repairs during the year 1873, and for 1874, if all the repairs both
to road and rolling stock that ought to have been effected had
been done, the result would have been even worse than in 1873.
The gross receipts in 1874 had fallen to $1,150,000.
That the
line, from financial difficulties, has fallen into a state of consider¬
able dilapidation.
Its rolling stock has not been renewed or
increased, and it requires at once new engines and cars, and twothirds of the line needs relaying with steel rails.
Without these
expenditures, which will require a cash outlay of nearly
$1,200,000 this year, the rofcd must still more rapidly depreciate.
Its present, floating debt is $587,291, including mortgages for
$103,000 upon the land upon which its Detroit station and
machine shops are built.
The amount of the unpaid coupons to
1st January, 1875, was $530,000.
The present mortgage bonds amount to $7,017,000.
The two
first, Oakland & Ottawa and Detroit & Pontiac, amounting togegether to $700,000, can be renewed at their present rates of inter¬
est, which leaves a total of $6,317,000 to deal with.
It is simpTy
impossible that the road can live under such a load of debt at
high rates of interest.
of this company
of the company,
The chairman of the
board of directors of the Great Western
Railway of Canada, the Rt. Hon. H. C. E. Childers, spent some
time in this country, and discussed the whole question fully and
frankly with our board of directors. Since his return to England
he
has
[March 6, 1875.
THE CHRONICLE
242
been
communication with the bondholders
in
in that
country (who hold upwards of half of the whole amount of
first, second and funded coupon bonds of the D. & M. Co.),
has now made the following offer to aid this company, viz.:
That the Great Western Company will advance the money required
to pay oft* the present floating debt of
And to renew the line with steel rails and put new equipment upon
it to the extent of nearly
Making
a
the
and
#.587,291
1,200,000
1,767,291
total of
And take their pay therefor in new bonds, hereafter referred to, at par, pro¬
vided the bondholders will agree to a re-organization of the whole mortgage
debt, as follows:
The first, second and funded coupon bondholders, who hold an
aggregate amount of $4,505,640, to surrender their bonds, with all
interest, for new bonds, at 9C per cent of the par value of their
present bonds, bearing interest from 1st February, 1875, for the
first year at 5 per cent, and the following years at 6 per cent per
annum.
This would require au issue of ...
$4,055,076
The bonds of September, i860, to be surrendered and receive 50 per
cent of their face in new bonds similar to the above
•....'
55,000
The Street-Douglass bonds to be surrendered and receive in lieu
bonds similar to the above, 10 per cent of t heir par value, or
170,200
The baiar.ee or the issue to be delivered to the Great Western Com¬
pany, for which it will pay the present lloating debt and provide
the new steel rails and rolling stock, amounting to
1,719,721
Making
a
For which
total of....
$6,000,000
the coupons
on its first-mortgage gold bonds of $1,100,000.
The road is 83 miles long, from Nebraska City, Neb., to Seward.
Midland Pacific.—This company failed to pay
due
February 1
Minnesota Railroad Law.—A dispatch from St. Paul, March
4, stated that the Morse Railroad bfll passed the Senate the pre¬
28 to 13, having more than two thirds
It passed the House the other day by
nearly two-tliirds majority. This bill repeals the onerous railroad
legislation of last Winter, which has been products e of great
mischief, without a single compensating benefit.
vious night by a vote of
of the vote in its favor.
Montclair Railway.—Messrs. Jordan, Miller
& Loomis,
re¬
ceivers and trustees, under an order from the Chancellor in the
case of Wm. McArthur and others, advertise for sale on Saturday,
April 3, the real estate at Woodside, Kearney,
Montclair and
that
dis¬
other places; also the rolling stock and other assets, in order
final report may be made and the receivers and trustees be
charged from their trust.
Jersey Midland.—Application was made a few days agoChancellor of New Jersey for the appointment of a Re¬
ceiver, and the matter will probably come up again next week..
The Tribune says that tlie answer will assert that in the collec¬
New
to the
tion of $600,000 by the New Jersey management, less than $1,000lias been lost; that the arrears of wages are ouly $49,000, and
have increased only $4,000 since last April; that the Directors
have not been paid anything, but have advanced $75,000 to the
road ; that no stock has been issued as alleged ; that the floating
debt is not $1,400,000, but is less than $400,000, and that the
Directors are
personally responsible for nearly half that sum.
New York & Oswego
Midland.—The troubles of the New
Oswego Midland Railroad, culminated on Saturday in the
suspension of operations on the line. The road was constructed
York &
iu 1863.
The Legislature, in order to aid the undertaking,
a law exempting the company from taxation for the term
passed
of ten
years, or until such time as the company
Receivers were appointed in 1873.
The
laid tracks to New York.
last Legislature repealed
the original law of 1863, thus placing an additional tax on the-road
of upward of $60,000 per annum, and the present Legislature has
refused to repeal the repeal.
This was a signal to the tax collec¬
tors, who immediately proceeded to collect the unpaid taxes, and
seize the rolling stock.
Under these circumstances Messrs.
Abram S. Hewitt and
John G. Stevens, the receivers, concluded
abandon it, at least for the present.
Mr. John G. Stevens said
that the first act of the receivers would be to get the rolling stock
“and other portable property of the company under shelter. They
would then have a balance sheet made showing the financial con¬
dition of the company, and then they would run trains just as
olten as the facilities of the road would allow.
to
A
plan for sale and re-organization
has been proposed by Mr.
and others, holding first mortgage bonds, which
is, in substance, that the first mortgage bondholders should pur¬
chase and re-organize, and then issue only $6,000,000 of mort¬
gage bonds—$1,500,000 to retire receivers’ certificates ; $4,000,000
to exchange for- that amount of first mortgage'bonds, and the
balance of $500,000 to raise new funds.
All the other indebted¬
ness, including the other one-half of first mortgage bonds, is to
be settled with preferred stock of different issues, and in just
proportions.
-
N. A. Cowdrey
dated 1st February
The interest on this mortgage to
be for the first year 5 per cent, and afterwards 6 per cent per
annum
for the remainder of the term of the mortgage.
The
—The Utica Herald of March 3 had advices from New York
mortgage must provide that there shall be no foreclosure, or otlie
legal proceedings taken, for any default or delay in paying the announcing that arrangements had been completed to have the
interest for the first three years.
This is necessary to enable the Delaware & Hudson Canal Company operate the Midland Rail¬
road to recover lost ground ; but the arrears, if any, will remain road from Utica and Rome to Sydney Plains, the point of junc¬
tion with the Albany & Susquehanna Railroad..
a charge upon the earnings.
The Great Western further agree, if this re arrangement is
N. Y. Kingston & Syracuse.—Bondholders of the Rondout
adopted, to hike a lease of the Detroit & Milwaukee Railroad and and
Oswego Railroad and tlie N. Y. and S. Railroad are notified,
work it at 70 per cent of the gross receipts in each year, thus
that under the judgments rendered by the Supreme Court for the
securing to the bondholders 30 per cent annually of whatever foreclosure and sale of the
property, covered by two mortgages
the traffic may be.
dated January 1, 1870, and June 1, 1872, the Farmers’ Loan and
The directors submit this scheme to the bondholders as tlie
Trust Company is authorized to purchase the property at said
best that the circumstances will permit of. To be effective, bond¬
sale for bondholders on terms and conditions specified in said
holders. must, be unanimous.
If they approve the scheme, it will
Parties interested are requested to deposit their secu¬
be put in force at once.
If delay or opposition is encountered, judgments.
rities with the Farmers’ Loan and Trust Company, 26 Exchange
there is no other course but the foreclosure of the mortgages and
place, New York, where the agreement to be signed by bondhold¬
the appointment of a receiver.
ers may be examined.
The circular concludes by saying that the English bondholder
have agreed to this plan, and by requesting the other bondhold¬
Pacific Mail.—At'a meeting of the Board of Directors, March
ers to notify on an annexed form their acceptance or rejection of
3, the resignation of Russell Sage was unanimously accepted.
this scheme, giving the amount of bonds they hold and their
Mr. Sidney Dillon, President of tlie Union Pacific Railroad, wa9
address.
The President’s office is at Detroit.
elected a director.
F. L. Talcott resigned as director, and Jay
Gould was elected to fill the vacancy.
A. J. Hatch, brother of
Eastern (Mass.)—The proposals for the $2,000,000 loan for the Rufus Hatch, tendered his resignation, and Oliver Ames was
Eastern Railroad of Massachusetts were opened this week, and chosen in his
place. William H. Guion resigned, and David D.
bids were received ior the entire amount at from 90 to 94 And
Colton, President of the Occidental and Oriental Steamship Com¬
accrued interest.
pany, was elected to fill the vacancy.
As F. A. Alexandre, the
Louisville Cincinnati k Lexington.—A meeting of tlie President, of the Company, is in Havana, Sidney Dillon was
vecoti'l-mortgjige bondholders was held in Louisville, Ky., Feb/ elected President pro t m.
Through freight rates have been raised from Boston, New
10, about two-thirds of the bonds being represented. Resolutions
were
adopted in tavor of* speedy and united action, and a com¬ York. Philadelphia, Baltimore, and Richmond to San Francisco.
The increase per hundred pounds is as follows: Union and Cen¬
mittee of six was appointed to look after their interests.
tral Pacific Railroads—First class, from $3 25 to $5 ; second class,
A
meeting of tlie holders | from $2 to &4 ; third class, from $1 90 to $3 ; fourth class, from
Maryland & Delaware Railro d.of the first mortgage bonds of this railroad was held in Boston
$1 80 to $2 50; class A, from $1 <0 to $2 25; class B, from
March 4.
The amount of these bonds is $850,000.
As they have 1 $1 60 to $2 ; class O, from $1 50 to $1 75 ; class D, from $1 40 to
paid no interest for four years, the meetiifg was held to take steps $1 50. Pacific Mail Steamfliip Company—First class, to $4 50 ;
looking to foreclosure. Second mortgage bonds have been issued second class, to $3 50; third class,to $2 50 ; fourth class, to $2 25;
to the amount of $150,000, and it was thought probable that some
class A, to $2 ; class B, to $1 75 ; class C, to $1 50 ; class D> 1°
arrangements couid lie made with the holders of second mortgage $1 20.
bonds and tlie original stockholders to avoid the expense of a suit, j
It does not appear that the Occidental and Oriental jSteamAcomiriG.ee was appointed to make an investigation, and to 6hip Company is to be given up, and the steamers have already
ret. i*
*
the best plan for action,
been chartered to run on the China route,
a new
1875, having 40
mortgage will bo created,
years to run.
March 6, 1875
Pennsylvania Railroad.—
In taking a comprehensive glance at President Scott’s volumin¬
ous report for the year 1874, it appears that the company shows
as a net result of all its operations east of Pittsburgh—including
interest and dividends on its investments, and deducting all
payments for operating expenses, interest and dividends—a net
surplus to balance of $3,168,832, against $1,513,077 in 1873.
The main cause for this improvement is in an economy of
expenditures, as gross earnings are smaller, but the details of
each item, as compared with last year, may be seen in the table
compiled below.
The main line from Pittsburgh to Philadelphia, with seventeen
branches, earned gross in 1874 $22,642,371, against $24,886,008
in 1873, a decrease of $2,243,637, but showed net earnings of
$9,396,924, against $9,445,703 in 1873, a decrease of only $48,779.
The leased roads in New Jersey, including the United Railroads
and branches, the Philadelphia & Trenton Railroad, the Belvidere
Delaware Railroad, and the Delaware & Raritan Canal,
after
allowing the amounts received from investments of the united
companies, resulted in a net loss to the Pennsylvania Railroad of
only $31,161, against $685,689 last year. The operation of the
Philadelphia & Erie road resulted in net earnings of $1,068,786^
against $428,756 in 1873. For the purpose of showing at a
glance the whole operations of the company ea3t of Pittsburgh,
we have compiled from the report the following comprehensive
table:
*
1873.
1874.
Gross Receipts—
Mam line and branches
Increase.
Decrease.
from
$22,642,371
$24,886,008
United Railroads of N. J..
Inter’t from investm’ts of same
Del. & Raritan Canal
Belvidere Delaware RR
8,700,969
239,614
8,516,739
1,320,519
1,215,648
1,590.100
1,148,222
Philadelphia & Erie
3,506,919
3,842,067
$37,626,040
$39,983,135
Operating mainline, &c.,includ¬
$13,245,447
ing rental of branches
United Railroads of N. J
6,330,033
Philadelphia to Pittsburgh
...
Grand total
$2,243,637
$184,229
239,614
Philadelphia & Erie
Rentals—
To Philadelphia
7
To Harrisburg & Lancaster
♦To United Companies
To Belvidere Delaware RR..
|
.
f
a
result of financial
have the
following
The
especially in
CONSTRUCTION AND EXTENSIONS.
president gives the following accounts and estimates :
The expenditures for construction and equipment on
line oetweer. Pittsburg and New Yora iu 1873, were
In 1874, were
j?
Showing
a
the main
$10,906,155 00
3,430,498 33
$7,475,656 67
reduction of
The advances for construction
1873, were
In 1374, were
to branch and
auxiliary lines in
$4,5*0,941 33
1,177,686 66
Showing a reduction of
The amount estimated as needful for construction and equip¬
ment purposes in 1875, to complete works now in progress, and
fultill engagements made with branch and connecting roads,
will be:
On the main line and New Jersey divisions, including Delaware
and Raritan Canal
For completion of the Columbia and Port Deposit Railroad, ad¬
vances to the Philadelphia and Erie Railroad, to branch roads,
and other auxiliaries to the main line
Making the total amount required
$3,403,254 67
$1,911,800 00
1,288,200 00-
$3,209,000 00
He remarks: ‘‘Of further extensions your board have concluded
to adopt as a general policy that no further extension of lines
should be made or obligations be assumed by your company,
either by lease or otherwise, except to complete the several
small branches and extensions now in progress in Pennsylvania
and New Jersey.
The best energies of your board and its officers
will hereafter be devoted to the development of tlie resources of
the lines now controlled.
They believe these lines have a great
future for the shareholders.
Your board have no hesitation in
stating that the properties of the company are abundantly able to
take care of their obligations and make good results for the stockSTOCK
The
AND
DEBT.
Wrightsville. York & Gettysburg Railroad has become
a
$2,194,858
of
6,792,188
462,155
114,905
2,438,133
3,413,310
1,068,786
428,756
132,651
640,030
132,572
3,635,813
3,439,331
136,482
$31,355*774
52,265
975,; 77
79
$3,799,439
$836,512
:
1874.
»
1873.
,
the capital stock of the Pennsylvania Railroad Company,
amounting at par to $300,000, were issued in exchange for them,
and is now held by the company.
An arrangement has been consummated by which the holders
of all the balance of the stock of the Pennsylvania Company
have sold it to the Pennsylvania Railroad, and received bonds of
the Pittsburgh, Cincinnati & St. Louis Railroad Company, owned
by tlie company, in exchange for their stock, par for par.
operations then in the past two years,
Net result
AddInterest and dividends on
investments of Penn. RR..
NEW
expenses,
$15,440,305
825.912
,
general reductions that have taken place in all that con¬
$2,848,365
$491,269
883,321
Grand total of receipts
Grand total of expenses
the
stitutes the needful outlays for working
the cost of material and supplies.
part of the Pennsylvania property. The capital stock and bonds
of the original corporation, all ot which belonged to the Penn¬
sylvania Railroad by purchase, were cancelled, and 6,000 shares
Embracing the total debt to Belvidere Delaware Railroad.
As
we
and
helders.”
335,147
773,647
$28,392,847
Grand total
consequent upon so much of the main line being laid with
the possession of first-class equipment by all the roads,
steel rails,
67,426
768,41b
Delaware & Raritan Canal
Belvidere Delaware RR
mies
26!>’58i
Expenses—
*
243
THE CHRONICLE
]
$37,626,040
28,392,847
$39,983,136
31,355,774
$9,233,193
$8,627,362
Nearly
.all these stockholders have accepted this arrangement, and it is
presumed the others will do so.
On the completion of the re organization of the company June
1,1874, the floating debt was $6,828,450; of this amount there
have been paid during the year $2,688,450, reducing the same,
December 31, 1874, to $4,140,000.
It is proposed by the ooard that
the entire floating debt of the
company shall be paid off during 1875, by disposing of securities
that are no longer of value for the purpose ot controlling tbo
roads by which they were issued.
negotiation under date May 7, 1874, was concluded for the
sterling of the consolidated 6 per cent, bonds
for the purpose of providing for the construction expenditures of
Total net resources/.....
$10,999,469
$13,538 208
1874, meeting the second mortgage bonds maturing March 31,
Deduct—
Interest on debt
$2,739,178
$2,514,459
1875, and other obligations existing at the time of the negotia¬
369.074
615,725
Taxes, State of Penn
tion.
These bonds were recently placed upon the London mar¬
460,000
460,000
State, for old pul
purchase
vUtlov
lUt'jUOU
^UUjOUW
ket,
and
the whole amount was taken ; and the second mortgage
Two Dividends (10 per cent).. 6,779,688— 10,369,872
5,918,140— 9,486,392
bonds are now being paid at par, with accrued interest, to date of
Balance to surplus
$3,168,1336
$1,513,077 presentation.
The dividend scrip issued in December, 1873, maturing March
The total earnings and expenses of the lines west of Pittsburgh,
6,
1875, is also now being paid with its accrued interest to date
operated by the Pennsylvania Company, or controlled through
other organizations in the interests of this company for the year of presentation,
Under the consolidated mortgage of July 1, 1873, £2,000,000 of
1874, were:
OLutUf 1 v/1 U1U
• •
A
2,372,107
4,305,015
•••••),
_
Gross earnings
Gross expenses,
K
excluding rentals
$25,551,92.3 99
z
16,410,896 08
$9,141,027 91
Net earning, 1874
Deduct rentals and interest
Net
sale of £3,000,000
••
•
8,296,689 48
$8,44.338 43
profit, 1874
DOINGS
IN
TRANSPORTATION.
The whole number of passengers
carried
on
the main line and
branches, Pittsburg to Philadelphia, in 1873 was 5,870,684, and
in 1874 was 6,088,103, showing an increase of 208,419.
The number of tons of freight moved (including 491,473 tons of
fuel and other materials for the company’s use), was 9,118,419
embracing 4,209,337 tons of coal. It was the previous year
a decrease of 880,372 tons, or about 8 8-10
per cent.
The decrease in coal tonnage was 318,164 tons.
The actual cost of operating the roads in 1874 was 58 49-100 per
cent of receipts, and excluding branch lines, 54 25-100 per cent ot
receipts.
tons,
9,998,791 tons, showing
were sold in 1873. and
£3,000,000 in 1874. Of the latter,
however, only £1,000,000 were paid for in 1874, leaving the re¬
maining £2,000,000 to be paid for during 1875. The discount on
bonds
all of tlie bonds of tlie company
that have been sold and paid for
previous to January 1, 1875, has been charged to Profit and Loss.
The securities owned by the company, the par value of which
is $90,629,085, represent a cost of $68,542,568 78. . The President
says :
“ Your Board of Directors have preferred to let them re¬
main on the books at their cost, holding the amounts to the credit
of the Contingent Fund and Profit and Loss ($11,021,643) as a.
margin to cover any possible depreciation in their value in the
future. The interest received from these securities during tlie
year 1874 was at the rate of about five per cent, per annum upon
their cost, the remainder of the interest account being tlie
amounts accrued on sundry open accounts that were settled during
the year.
that were
bills and
accounts receivable, of $25,979,087 14 in the Treasurer’s account
The actual earnings from freight on the main line
for 1873, has thus been reduced to $11,166,098 99, and your com¬
have been
.1*255 cents per ton per mile.
The cost of moving it
*719 cents per ton per mile. pany is now in possession of bonds, stocks, obligations, and cash,
to Represent such reduction.
They hope to be able during the
Showing a net earning of
*536 cents per ton per mile.
present year to adjust a number of accounts that are yet out¬
The average earnings from freight traffic in 1873 were 1*41 cents standing.”
GENERAL ACCOUNT.
per ton per mile.
These results, in the cost of transportation of freights, the
J>r.
To
stock
$68,719,409 CO
president thinks, will compare most favorably with those ot any To capital
first mortgage bonds due 1S80
$4,970,000 00
line in the country or elsewhere. He says they are due, first to To second
mortgage bonds due 1875
4,835,840 00
the large volume of traffic moved, and second to the great econo¬ To general mortgage bonds due 1910
19,934,760 00
“Your Board have closed many of the open accounts
on the books of your company.
The item of
standing
...
.
...,
[March 6, 1875
241
To consolidated mortgage bond* dne 1905
To lien of the State upon the public works
tween Philadelphia and Pittsburgh
To mortgages and ground rents at G per cent
To bills payable
To accounts payable, viz.: Passenger
be¬
14,550,000 00
5,201,675 41
91,809 32 49,587,084 73
323,127 93
...
Pay rolls and vouchers for December, 1874,.......
Cash dividend due to stockholders, unpaid
Dividend scrip of December 6, 1873
Sundry accounts due other roads
Agents’ balances
Treasurer's balances
2,308.102 23
238,735 23
2,206,406 66
2,190,68 5 33
appraised value of securities owned by the United Jersey
companies and transferred with the lease
To amount of fuel and materials for repairs, &c., transferred
with the lease of the works
To equipment transferred with the lease of the works
To
To contingent fund
To balance to credit
■«
Fuel and materials
Bills and accounts
of prolit and loss
7,267,055
38
3,900,434
60
354,658
4,899.121
2,090,000
9,021,643
53
19
00
Total property and assets...
O.
By balance standing on books of the company for the construc¬
tion of the railroad between Harrisburg and Pittsburgh, ineluding certain branches, in all 325 miles, and cost of stations,
warehouses and shops, on the whole road from Philadelphia to
Pittsburgh
By balance standing on books of the company for the purchase
of the Philadelphia and Columbia Railroad
By balance to debit of equipment of road consisting of 882 loco¬
,
average
road cars—including shop
f! d3
14
of railroad corporations
$21,951,916 80
capital stock of railroad corporations 32,821,953 60
By amount of other bonds and stock, and invest¬
ments not otherwise enumerated.
8,453,698 38
315,000 00
By cost of bonds representing imurauce fund
By cost of bonds representing contingent fund... 2,000,000 00
Total cost of bonds ar.d stocks belonging to the company
By amount expended for the purchase of anthracite coal lauds,
Hazleton, Hamilton, Eastwick, and other tracts
By appraised value of securities transferred by the United New
Passenger cars
Baggage, mail,
Freight cars
90,072,070 116,658,824 140,725,637
149,883,393
,
.
road to the
receipts do not at present exceed
55 per cent, of gross"
This
3,900,434 60
4,698,121 19
4,022.849 43
securities and of the public.
After the panic of 1873, as it became
bonds of new roads, tlie directors bad
impossible to negotiate
only tlie alternatives of
.
12,414
Total of all cars
,
u*)u
129
10,871
1.117
Ac., cars
Roadway cars
136
136
154
13,749
10.282
1.267
1,307
16,849
1,367
J 5,488
18,110
18,764
This enumeration of locomotives and cars is the total owned by the Penn¬
sylvania Railroad Company; and includes large numbers
on
Philadelphia A Erie ami other leased railroads. It. does not include, however,
the “ private" or company cars in use on the road. It is an
the
exhibit of such
employed
rolling stock as
Passengers
is charged lor in the
carried
Freight (Urns)
Inelu-t Coal
moved
ding j Fuel and
Passenger
general account.
.’
...
Total gropsYnrnings
....
Opera t i ng ex ponses
..
.
18,719,837
11,823,433
614,757
787,560
$
4,399.671
19,608,555
877,783
4,263,018
16.83(5,891
893,(516
.
6,088,103
174,72 ■*,556
9,118,419
4,209,337
491,473
$
4/25S889
9,998,791
4,527,501
$
$
3,875/556
1 4,052,304
5,879.684
17 7.418,8(53
3,609.071
....
materials.
22,012,525
13,764,673
*
24,886.009
15,440,305
9,445,704
8,247,852
(5,896.404
Net earnings
5,918,110
4,714,497
3,625,062
Dividends, 10 per cent
Financial Condi'ion at Close of each Year.
68,144,475
53,271,937
41,339,475
Capital stock
37.639,600
29,326,600
28.443,240
Funded debt
5,401,676
5,584,100
5,758,905
State lien.
161.009
104,509
<....
215,959
....
....
....
....
....
Mortgages and
Bills payable
ground rent,......
...
••
..
-
11,069,503s 1
2,470,964
2,140.833
22,642,371
13/245,447
9.396,924
0,779,688
68,719,400
44.290,(500
5,201,675
94.H10
4,140,000
°
.
.
t
11,616,952
4,065,225
11',658,791
2.000,000
2,000,000
1,253,888
6,919,154
2,000,000
6,842,564
90,072,070
116,658,824
140,725,637
149,888.398
Fittsb) 15,237,965
13,309,837
19,610,224
5,375,733
15,333,714
6,563,619
1,688,518
21,989,368
5,375,734
Equipm't. Ac., United N.J.
Contingent fund
Prolit and loss
..
)
.....
••••••
4,322,255
Cos.
....
....
Total liabilities
....
Philadelphia & Col
Equipment
Real estate and telegraph
Jdonon. & Del. extension
Construction, equipm’t, &c.
r|
3,713,246
17,227,504
1,155,979
7,267,055
8.900,435
5,252,7-0
2,000,000
9,021,643
Accounts, pay-rolls, Ac
Securities United X. 3. Cos
Construction CHarrisb.to
i
5,375,733
7,458.101
5 258,613
1,279,718
*4,010,160
It is
proposed to fund, in certificates payable in
bonds, July, 1875,
3 coupons on Cairo & Fulton llrst mortgage
and January and July, 1876
3 coupons on Arkansas branch
and June, 1876
3 coupons on St. Louis and Iron
3
5,375,733
11,154,555
6.085,737
1,512,002
42,437,860
48.571.808
16.188,201
6,831,367
2,003,177
52,367,847
gold:
.. .$840,000 gold.
bonds, June and December, 1875,
262,5C0 gold.
Mountain second mortgage
bonds, May and November, 1875, and May, 1876
622,335 gold.
coupons on Cairo, Arkansas & Texas bonds, June and Decem¬
1876
consolidated mortgage bonds, April and October,
and April and October, 1876
ber, 1875, and June,
1875,
...
3,161,441
524,451
PLAN.
4 coupons on
Operations and Fiscal Iiesults.
5,250,393
4,699,985
173,840,512
8,459,535
7,100.294
earnings.,.
Freight
||
1,180,995
1,395,322
....
stopping the work, and leaving all the connections incomplete,
and suspending payments of interest, leaving the property to all
the risks incident to such a state of things, or to borrow money
and complete and equip the roads. The increase of $740,000
earnings during the past year has come entirely from the new.
connections, while the iron business, which was the main stay of
the St. Louis & Iron Mountain Railroad Company, has dwindled
for the time being to almost nothing.
In August last, the pressure to repay loans was so great that
11,166,093 99
the
company was forced to ask an extension of twelve months,
By balance in hands of agents
1,631,185 69
By lialance in hands of treasurer
2,498,670 41 which was granted to the extent of the greater portion of the
The construction account was practically closed in
amount.
Total
$149,888,397 59
August last. The equipment is ample for all the business the
road can at present be called upon to do.
COMPARATIVE STATEMENT FOR FOUR YEARS.
Under these circumstances, it has Beemed clear to the directors
Hoad and Equipment.
that the policy which would be most acceptable to the great body
1.373.
.1874.
1872.
1371.
of the bondholders, as well as the soundest in itself, would be
GDO
Main line, miles
519
511
that which within the shortest period would put the property out
4-20
875
Branches, owned or leased.miles.
of debt, and make its securities of .the first class.
The directors
877
869
784
733
Total road operated
are happy to say that the plan proposed lias the approval, in
882
878
723
Oil)
Uooomotivo engines
advauce, of a majority in interest of the bondholders.
394
385
336
297
*>>o
!S
969,228
2,009,267
4,788,618
25,979,087
2.058,862
2,312,588
floating debt.
expectation has been defeated by the sudden falling oft'
of earnings since 1st January, and what adds to the difficulty is,
that the first six months of the year is the period of lightest
receipts.
Under these circumstances, the directors of tlie road feel the
necessity and propriety of proposing to tlie holders of bonds to
unite in a plan for applying the earnings for a limited time to
$68,542,568 78 the extinguishment of the floating debt, which would leave the
road by December 31,1876, free from all unfunded debt, and in a
810,621 51
position to command tlie entire confidence of the holders of its
OTHER ASSETS.
Jersey Companies
Hu
13,273,510
3,347.769
18,890,398
840,621
fund the
to
$52,387,846 99
Total
By equipment transferred
By amount of fuel and materials on hand for repairs to locomo¬
tives, cars, amt maintenance of way
'.
By amount of bills and accounts receivable and amounts due
from other roads, including advances made to railroad corpor¬
ations for construction and purchase of equipment used on
their lines, viz :
$412/29 76
Northern Central Railway Company
Philadelphia *te Erie Railroad Company
1,378,189 77
593,181 74
United N. J. RR. & Canal Co.—construction
United N. J. RR. and sink’g fund & redemption
788.230 00
United N. J. RR. and Ilarsunus Cove
242,931 08
United N. J RR. and real estate
384,165 50
Other companies
7,367,368 11
L >!
2,179,i;J3
3,900,4 '5
4,898,121
4,022,849
11,166,099
1,631,186
2,498,671
6,831,366 82
pectation of continuing the payments of interest until th«
2,003,177 07 autumn, when the large increase of earnings should enable them
By amount of bonds
11
4,322,223
earnings, there can be no reasonable doubt that the road will
earn the interest on its bonded debt during the current year.
In this state of things, the directors felt justified in their ex¬
16,188,201 29
of company and telegraph line
Pennsylvania Railroad to the Delaware
including wharves and grain elevator
By amount of
Hi]
i:
4,065,223
would increase the
will be taken
baggage, mail and express
By cost of real estate
By extension of the
ill
68,542,569
St. Louis Iron Mountain «& Southern.—A circular, signed
by the Executive Committee of the Board of Directors, has been
issued to bondholders proposing to fund three coupons from all
" bonds except the first mortgage of the St. Louis & Iron Mountain.
The earnings of the St. Louis Iron Mountain & Southern Railway
$21,989,368 38 Company for the year ending Dec. 81 last, were $3,280,680, show¬
an increase over 1873 of $741,142.
As the running expenses
5,375,733 43 ing
on
GENERAL ACCOUNT.
river,
52,692,419
ration of thirty days from date the company
amount of its capital stock $1,000,000.
That action
in accordance with the terms of the lease of the said
Delaware and Hudson Canal Company.
16
$149,888,397 59
motives, 394 passenger cars, 154
cars, 16,849 freight cars, and 1,367
machinery
1872.
15,311,254
Rensselaer & Saratoga.—The Bank of Commerce, as register
of the stock of the Rensselaer and Saratoga Railroad Company,
has sent to the Stock Exchange a notification that atter the expi-
P '
hs
1874.
'1873.
1871.
27,030,772
...
Equipment United N. J. Cos...
4,140,000 00
balances due
other roads
Stocks and bonds
Anthracite coal lands
Securities United N. J. Cos.
In certificates
payable in currency„•
157,500 gold.
228,620 gold.
Cairo & Fulton income 8 per cent, bonds, August,
1875, and February and August, 1876, and February, 1877
$158,400 cur’y
Further details will be found in the circular..
Tlie agreement is to go into effect whenever the holders of 80
4 coupons on
per
cent, of the
whole amount of bonds to be included shall have
assented.
Toledo Peoria & Warsaw.—The holders of
and second mortgage bonds of the Toledo Peoria
the consolidated
& Warsaw Rail¬
of Illinois, met recently at the office of Chas. L. Frost, 58
After a brief discussion, the following committee was
appointed to draw up a plan for the re-organization of the com¬
pany, and ordered to report at a future meeting : Messrs. Charles
L. Frost, Rush C. Hawkins, John S. Barney and A. B. Belknap.
A short time ago Mr. A. Lawrence Hopkins was appointed receiv¬
er, and fie took possession of the road, by consent of all parties,
on the 1st of February, 1875.
Toledo Wabash & Western.—Some apprehension was created
in Wall street yesterday by the announcement of the discovery
of fifty forged bonds on the Wabash & Western Railroad of
$1,000 each upon the market. The first intimation of forgeries
was received at the office of the company.
Thirty-five coupons
of bonds No. 2 were returned to the company from the Metropol¬
itan National Bank, where coupons are paid.
The coupons were
at once pronounced to be forgeries, as they were due in Novem¬
ber last, and were paid shortly after that time. It is said that the
bank was deceived by not keeping an account of the number of
way
Broadway.
and that the bank will lose the amount of
$1,750, but no loss will occur to the company.
bonds and coupons,
the coupons,
March 6,
Jgxporta of Leading Articles
The
the exports of leading articles from
COMMERCIAL EPITOME
Friday Night,
Congress
revenue
March 5, 1875.
lias adjourned ; legislation upon public
in the passage
is fixed for "she present,
Irom New York,
followingtable,(2ompiledfromCu8tomHou80 returns, shov s
the port of New York since
•January 1,1875, to all the principal foreign countries,and also the
totals for the last week, and since January 1. The last two line,
show total values,including the value of all other articles besides
Cimeo.
&!)c Commercial
245
CHRONICLE
THE
1875.]
those mentioned in the table.
finances and
of all the bills
proposed by the Administration, and trasportation by water has
partially restored. These facts, favorable to a restoration
of business, produced an immediate effect. But a return of
wintry weather, and heavy snow storms, have impeded railway
communication at the North and West, while portions of the
South have suffered in the same way from floods. The revival
in business has therefore been only partial in extent, but a cheer¬
ful, hopeful spirit pervades the mercantile community, and the
been
volume of trade is already quite large.
The following is a statement of the stocks
domestic and foreign
,
,
....bl)is.
bales.
hhds.
b>gs.
bags.
Coffee, Rio
Coffee, other
Coffee, Java, &c
mats.
bags.
Cocoa
hhds.
hhds.
Molado
Molasses
Molasses
Hides
Cotton
Rosin
bbis.
bbis.
bbis.
Tar
Rice, domestic
Gunnjr cloth (Cal.)
Gunny bags
38
1,936
12,021
136.300
158,321
97,765
49
434
13,573
7
Linseed
SaUpetre
Jute
Jute butts
Manilla hemp
Ashes
bags.
pkgs.
bales.
bales.
bags.
bags.
bales.
bales.
7,810
21,200
1,650
14,800
4,900
7,453
2,835
10,750
1.200
10,653
7.584
10,000
22,200
50,148
bales. 60,733
bbis.
879
•
21,6'i2
63,395
No. 111,900
bales. 126,334
bbis. 69,778
Spirits turpentine
Rice, E. I
16,171
50,366
4,912
43,899
20.185
4,173
—
2.2 »9
23.770
10 8)7
64,954
18,236
10,282
43,128
22,641
47,266
1,901
17,266
hhds.
boxes. 14,812
bags, etc. 186,561
Sugar
Sugar
Sugar
Meta. 1.
Feb. 1.
Mf'h. 1.
tcs. and bbls.
-
9,100
2,330
7.000
13,000
20,420
42,000
117,459
1,118
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quiet, but
for consumption. Seed leaf has been more
steady; the sales embrace: Crop of 1870, 100
cases Connecticut at
ll£@ll|c.; crop of 1871, 71 cases Ohio at
10c.; crop of 1872, 2(K) cases Connecticut at 7£@18c.; and crop of
1873, 800 cases do. at 7i@55c.; 100 cases Ohio, 265 cases New
York, and 100 Pennsylvania, on private terms; also 200 cases
sundry kinds at 7£@55c. Spanish tobacco has been in moderate
demand and firm ; the sales were 500 bales Havana at 85c.@$l 25;
and by auction, 247 cases Connecticut at 9@24c; 484 cases Ohio,
Pennsylvania, and New York at 16£@54c., 133 cases do. at 23(3)
55c., 156 bales Havana at 64c.@$i 08, 211 bales Yara and Havana
at $1 02, and 6 bales Yara at $1 03.
‘ CO*
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wo
.—
.
124.500
1,109
quotations are steady at 10£@124c for lugs, and 14(927c. for leaf;
the sales for the week embraced only 140 hhds., of which 60 were
©
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19,100
36,435
which is in de¬
metals quiet, with the exception of 6crap iron,
mand and firm, and 1,200 tons sold at $33@$35.
The market for Kentucky tobacco has continued very
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6,914
2,739
9,900
550
9,40)
2,450
7,400
13,9(0
delivery. Ingot copper remains steady at 21|(o)21|c., cash, for
Lake, with late sales of 500,000 lbs. at these figures. Other
o »o
s-g
94.773
$2.07i@$2.15. Spirits turpentine has remained dull, but closes
slightly firmer at 36c. Refined petroleum continued to advance,
until near the close there was a reaction, with prompt and
all this month's delivery quoted at 15f@15£c.; crude in bulk has
been dull, and closed slightly lower at 7f@7fc. for spot and March
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1,473
2/788
7,000
169,100
freely at the recent decliue.
The speculation in hog products has been rather tame, and
early in the week lard experienced a considerable decline. The
number of swine slaughtered for the past season (ending Feb. 28)
was 253,260 in excess of last year, and latterly weights have been
at a full average, but so active has been the demand for export
and consumption that stocks are believed to be moderate.
To¬
day, mess pork sold at $19 25@19 30 for May, and $19 50 for
June. Lard, after some decline, closed quite active at 13$c. for
March, 13|c. for April, 13|c. for May, and 14c. for June. Bacon
is firmer but quiet, and other provisions have been without new
feature.
Tallow has been fairly active at 8£c. for prime, and
prime Western stearine at 14c.
Freights have been much more active, and although room has
been plenty, there was yesterday a slight recovery in rates, with
shipments of grain to Liverpool, by steam, 7@7|d.; cotton by sail
9-32d., and lard 27. 6d.; provisions to Glasgow, by steam, 30@35s.;
grain to Cork for orders, 6. 3d.; oil cake to London, 2s. 9d.; refined
petroleum to Antwerp, 4s. Gd.; crude petroleum to Havre at 5s. 3d.;
rosin to Genoa, 86c. gold.; grain from Baltimore to Cork for orders
at 7s. Gd.; and hence to London at 8^d. by sail, and to Glasgow,
by steam, 7£d.
Whiskey has been established in its advance by the passage of
the tax bill, and closes at $1 11. Clover seed has been more active
at 10£@llc. per lb.
'Rosin was dull and weak at $2@$2.05 for strained, until at the
close a speculative iuquiry sprung up, which advanced figures to
•
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31,436
129,073
accumulation of stocks, partly in
down to lGS)10c. gold ; at this de¬
cline, however, the demand was more active. Rice has been
steady but quiet. Molasses has stiffened up somewhat and meets
with a better demand, owing to an increase in the import duty,
while sugars have from the same cause advanced £c., with fair
to good refining Cuba quoted at 7£@3c.
Teas are selling more
OO
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13,587
62,415
6,889
42.251
104,498
23,534
3,052
1,699
35,306
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Coffee waa depressed by the
second hands, and Rio quoted
for export, and 80
active and about
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of leading articles of
merchandise, at dates given :
1375.
1874.
Beef
Pork
Tobacco, foreign
Tobacco, domestic
72
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Import* of'
Jan.
Week ending
G.Brit.
March 5.
compiled from Custom House returns,
foreign imports of leading articles at this port since
shows the
1, 1875, and for the same period of 1874:
[The quantity is given in packages when not otherwise
-
NewOrleans.
Mobile
Charleston...
Savannah
Galveston....
New tork...
Other ports*
specified.]
Same
Jan.1,’75. time 1874
Since
Same
Jan.1,’75. time 1874
Since
France
Contln’t
24,643
6,731
13,544
7,233
3,529
28,582
9,258
5,510
31,943
.
....
6,793
8,398
2,713
-
Glass and
Earthenware—
Earthenware.
(rlllHfl
r
.
Glassware
Glass plate
1,684
Buttons’.
1 374
Coal, tons
Cocoa, bags..
CotFee, bags
Cotton, bales
2,149
Iron, RR. bars...
Lead, pigs
3,593
64,491
2,539
1,206
50,673
4,S85
....... .
Steel
3,007
275,230
Sugar, bxs & bags.
Drugs, &c—
Bark, Peruvian..
Blea. powders...
Cochineal
Creani Tartar...
Gainbier
5,391
4,794
7,303
899
772
24
115
2,485
605
1.113
301)
179
1,310
2.504
Madder
Oils, essential..
Oil, Olive..
Soda ash
Flax
Furs
Gunnv cloth
Hair
I ndia rubber
Linseed
Molasses
..
bales.
Hemp
bales.
Nuts
144
519
Raisins..
2,043,260 2,612,251
32,156
172,076
34,773 Hides, undressed..
Rice
1,202
3,522
1,266
Spices, &c.—
Ginger
234
Pepper
Saltpetre
9,926
568
135
480
128,825
4,071
200,455
2,490
Logwood
Jan.1,’75.
time 1874
1,146
1,271
Mahogany
36,069
150,779
219,929
..
Pork
Beef
Lard
Lard
Rice
50,124
559
203
jStarch
3,928
551,730
17,963
1
Sugar
582.912 |
Sugar
7,127
70,857
Rosin
2,452
Tar
356,422
563,218
322,173
112,392
bbls.
.hhds.
55.633
39,589
8,713
8,456
72,683
9,269
6,067
53,203
4,972
3,665
37,437
5,739
42,963
•
bales.
Wool
12.996 ! Dressed Hogs.. No.
...,
...,
254,607
11.565
11.456
81,971
330,893
49,757
39,997
380,444
8KPT.1 TO—
33,004
Coast¬
351,392
55,730
157,657
214,005
143,149
206,120
83,089
21,558
24,328
56,844
10,967
29,937
126,142
8,150
27,520
29,654
2.496
4,351
14,‘jio
503233
48,327
1249,029
198,313
Stock.
wise
Total.
563,623
88,438
209,505
300,501
"161,612
240,408
Ports.
300,755
65,282
46,610
100,969
68,092
174,431
l'.3,415
139,254
135,656
153,310
84,331
11,565
63,783
268,472
s'.iw
1,050
3,583
16,411
15,260
53,822
255,767
1703,109
969,786
324,398
320,512 1712,033
1047,894
836,686
8,599
56,500
64,933
Royal, &c ; under the h^ad of
head of Norfolk is included City
has abated but very
uniform buoyancy has pre¬
in part to the fact that
the views of shippers, who have not been
free purchases of ‘‘short no¬
The sales reported for con¬
sumption are small, and, while there has been some speculation,
the bulk of our stock was held out of the market.
Gold ad¬
vanced, but exchange declined, and thus these two influences
neutralized each other. Yesterday, the market was very dull and
prices are he'd above
able t;> do anything since their
tices” at the close of February.
....
196
8,180
36,026
8,374
40,154
9.140
98,298
March 5, 1875.
received to-night from the
757,047
The excitement in our cotton market
little the p'ist week, and yet much
vailed. Spots have been dull, owing
COTTON.
By special telegrams
55,000
....
Other
*
42 1
Friday, P. M.,
135,918
1,847,957
251,433
3050,485 1140,034
Total last year.
Under the head of Chariest,on is included Pore
Galveston Id included Indiauola, &c.; under the
Point, &c.
8,837
132, f 59
85,961
123,706
42,416
3,158 Tobacco.... .hhds.
11,340 1 Whiskey...
7
Pitch
.
[Tallow
Tobacco
:
383.276
533,258
304,911
87,273
29,036
•
34,016
109,653
28,837
3.080
26,275
54,48!
Charleston*
Savannah
Galveston*
New York.
Same
time 1874
Pkgs.
22,252
651
.
14,305
112,748
1,566
2,767
45,505
4,432
18,483
5.878
pkgs.
450,614 iStearine....
bbls.
turp.
Spirits turpen...
17,643
148,283
.kegs.
400,981
5,090
2,308
78,965
41,070
1,207
12,401
pkgs.
...
18,292
33,378
5.872
Since
145,335
1,848,444
Great
Britain. France. For’gn
Total this year. 2914,259
61,368
Jan.1,’75.
.bags.
701,829 Peanuts.
1,111,549 5,871,260 Provisions—
Blitter
.pkgs.
4.478,563 2,360,358
Cheese....
1,077,194 1,521,813
Cutmeats.
165,450
6,700
Eggs
318,956
370.186
61.690
837,461
233,894
37,108
12,301
1
483,998
12,176
New Orleans..,
Mobile
1, 1875, and for
Oil, lard;'...
23,610
1873.
977,272
Florida
No. Carolina,.
Norfolk*
Other porta...
50,990
1
1.
1874.
Produce.
Oil cake
30.793
’
16,925
^Voods—
Cork
Fustic
120
41,788
20,670
21,411
44,597
9,533
121,093
Cassia
736,960
77,716
833.513
BXPOBTKD 8INOX
BBOKIPTS
8INOK SBPT.
POUTS.
66.224
Same
Hides
No.
..bales.
Hops
Leather.
sides.
bbls.
Molasses.,
Naval Stores—
Cr.
34,597
domestic produce since January
1874, have been as follows :
bbls.
C. meal
Cotton
68,088
6,582
dates:
6,898
423,175
281,848
481,423
Since
Rye
Barley and malt.
Grass seed.bags.
Beans
bbls.
Peas
bii'h.
127,318
...
20,402
lleceipt* of Domestic
Ashes
pkgs.
Bread stalls—
Flour
bbls.
Wheat
bush.
Corn
Oats
$283,173
10,373
134,039
278,577
107,738
233,667
,
The receipts of
the same time in
$217,690
Oranges...
109
Watches
9,401
by
Lemons...
1,104
Ivory
Jewelry, *fcc.—
Jewelry
Cigars
145
Bristles
Hides, dressed..
Articles repen'ted
value —
18,374
1,192
621
Hemp, bales
Hides, &c—
58i>
1,363
500
36,040
227,458
12,092
12,951
2,998
Wool, bales
2,750 !Fancy goods..
3,040 Fish
5,963 Fruits, &c.—
4,100
5,387
8,379
1,829
1,344
'
12,709
10,171
Wines
150 iCorks
81
Opium
Soda, bi-carb—
Soda, sal
296,511
524
Wines, &c—
Champagne, bks.
....
696
856
132
250
Gum, Arabic....
Indigo
Tea
Tobacco
Waste
3,612
3,633
17,4:0
7,485
besides the above exports
43,692
42,129
459,397
194,014
9,579
bbls
155
418
920
65,788
182,020
68,000
♦ »
55,2)3
69,643
96,885
124,250
76,711
UHHT* Our telegram from New Orleans to-night sliow3 that
the amount of cotton on shipboard, and
engaged for shipment at that port, is as follows: For Liverpool,
41,000 bales; for Havre, 36,000 bales ; for Continent, 12,500 bales ;
for coastwise ports, 5,000.bales; total, 94,500 bales ; which,if de¬
ducted from the stock, would leave 161,500 bales representiug the
quantity at the lauding and in presses unsold or awaiting orders.]
From the foregoing statement, it will be seen that, compared
with the corresponding week of last season, there is a increase
in
the exports this week of 9,417 jalea, while the stocks to¬
night are 20,087 bale - less than they were at this time a year
ago. The following is < ur usual table showing the movement
of cotton at all the ports from Sept. 1 to Feb. 26, the latest mail
12*,287
154,009
608,320
17,481
142,892
Tin, boxes
1,362,518
Tin slabs, lbs...
4,558
14,158
3,364 Rags
263,217 Sugar, hhds, tcs. &
939
1,503
299,047
56,969
of “other ports” Include from Baltiand 920 bales to Bremen ;
Liverpool; from Philadelphia 913
40,258
40,245
12,463
215.S86
256J>56
49,849
83,536
61,°60
1,225
11,027
80,269 *
*
1874.
1875.
66,769
15,989
10,302
31,948
6,793
9,901
“
V
Totalthls Samew'k
1874.
week.
*
The exports this week under the head
timore 746 Dales anl 204 bags sea Island to Liverpool,
from Boston 825 bales and 25 bags sea Island to
bales to Liverpool.
414
86,946
13,672
Tbs.
Spelter,
791
747
700
Hard win e
1,429
835
4.387
China
-
17,073
50,516
Total
Since Sept. 1 1,299 545
Metals, &c.—
Cutlery
-
....
...
China,
Stock.
Exported to—
Leading Article*.
following table,
'Hie
[March 6, 1875,
THE CHRONICLE
216
Southern Ports
It
reached
the
making the
showing
corresponding
weak ; quotations, however, were further
^c., a proceeding that seemed to be called for on
the close was
advanced
Wednesday.
To-day, the market continued weak under easier advices from
Liverpool, depression in exchange, and free deliveries on March
yesterday was marked off.
more fully indicates the
existing irregularity of tone and prices.
There was in the
course of Monday and Tuesday a disposition to manipulate a
decline, but the continued smaller receipts at the ports stimu¬
lated an active speculation on Wednesday, which caused an
advance of 3-16@£c., part of which was lost at the close, under
contracts, and the nominal advance of
For future delivery, the busintss done
a more liberal total than was anticipated.
received of severe storms and floods in Northern
Georgia and Middle Tennessee, which interrupted railway com¬
munication and accunted for the smaller receipts at some of the
ports, while at Mobile and Galveston the increase was consider¬
able, and New Orleans held its own. Foreign advices, which
were flat early in the
week, were firmer on Wednesday. The
market on Thursday was extremely variable, but closed at some
the
influence of
Reports were
possession of tne returns showing the receipts, exports, decline. To day, the decline continued until towards the close,
when the lower prices stimulated the demand.
There were
&c., of cotton for the week ending this evening, March 5.
sales after "Change at 16±c. for March, 16 9-16c. for April,
appears that the total receipts for the seven davs have
16 29-32c. for May, 17 7-32@17£c. for June, 16 29-32c. for Sep¬
77,268 bales, against 78,075 bales last week, 06,950 bales
tember,
16$@16£c. for October, and 16fc. for November.
previous week, and 103,461 bales three weeks since,,
total receipts since the first of September, 1874, 2,991,527 bales, The total sales for forwe id delivery for the week are 185,530
against 3,146,449 bales for the same period of 1873-74,
a bales, including 1,630 free on board. For immediate delivery the
decrease since September 1. 1874, of *154,922 bales.
The details of total sales foot up this week 8,436 bales, including 1,976 for ex¬
the receipts for this week (as per telegraph) and for
port, 1,984 for consumption, 3,848 for speculation and 628 in
The follow¬
transit. Of the above, 500 bales were to arrive.
1870.
ing
closing
1871.
are
the
quotations
:
1872.
1
1371.
1375.
New
we
are
in
1 Ml*"'
deceived this week
New Orleans
Mobile
New
bales.
Charleston
Port Royal,
Savannah
Galveston. •
&c
24,515
6,371
33,093
5,764
9,431
1 <’4.t
4
U.143
7,293
11,432
8,29.5
214
45 l
9,416
8,366
Florida
North Carolina
&c
TotalsinceSept.l,
The
37,4 IS
5,921
5,253
6,601
7,019
3,233
j
6,303
8,861
7,274
7,701
3,603
7,317
19,660
10,216
11,594
)
J
5.279
112
2,323
601
5,995
11,-71
1,434
8,522
33,635
5o2
6.782
854
939
1,963
1,018
5,5 78
330
J 9,887
3,176
73,197
471
671
77,263
95,164
82,307
73,702
126,935
2 798,161
2,214,058
2,917,616
the week ending
7,953
199
247
2,991,527 3.146,449
exports for
55,519
10,352
KM
179
Total this week...
6,301
42,562
4,341
5,79 5
Indiauola, &c
Tennessee, Ac
Norfolk
City Point,
It).
3
at—
2,189,518
this evening reach a total
bales, of which 50,516 were to Great Britain, 17,073 to
France, and 77,746 to the rest of the Continent, while the stocks
as made up this evening, are now 736,960 bales.
Below are
the
exports and stocks for the week and also for the corresponding
.-.per ft.
Ordinary
flood Ordinary
Low
Middling
Middling
Good Middling
Middling Fair..,
>•••••••••
Fair....
Below we give the
Uplands.
Alabama.
Orleans.
’3*®..
>5*®....
15*®....
16*®...
16*®....
17*®...
17*@...
13*®....
13*®...,
15*®....
15*®...,
16
(at....
transit cotton and price of
dav of the past 4reek
PBIUKS.
8A.LX8.
c
Classification.
Con-
Saturday
Monday.
Tuesday
Wednesday
Thursday
Friday
Total
Exp’t.
878
100
150
623
1331®...
15*®...
16*®....
16*®...
17*®...
17*®...
18*®....
16*®....
16*®....
17*®....
17*®...;
18*®....
®....
16*®....
16*®....
17*®....
13
Texas.
sales ot spot and
Uplands at this market each
New
of 145,335
week of last season.
Classification.
Spec
sump. ula’n
338
253
225
400
495
Transit.
236
956
1,154
1,0-20
Total.
1,908
2.7)2
367
142
1,993
1,483
268
317
216
1,984
3,848
....
-
....
1,976
812
634
8,436
Good
Low
13*
13*
13*
13*
13*
13*
15*
15*
15*
15*
15*
15*
In*
15*
15*
15*
15*
....
....
Mid
Ord'ry Ord’ry. Mldl'g. dlinz
16
....
16*
16*
16*
16*
If*
16*
....
.00000440..9141.143.1.0 . 32
March 6,
006000.10052992...77283611 ..21
1,630 free on board)
(all low middling or
the basis of low middling), and the following is a statement of
For forward delivery the sales (including
have reached during the week 185,530 bales
on
the sales
and prices:
For March,
bales.
pts.
200 8 n. 1st...16)6
1110 s. n. 4th... 16)6
100 s.n
16)6
900.
16)6
bales.
cts.
2,700.
16 17-32
15 9-16
8.400
16 21-32
200s.n.3d..l6 .>32
3,000
2,800
16 11-16
16 28-32
16V
..16 25-32
900S.n
16
....16
600
100 S.n 8th. 16
200
.16
100 s.n
16
400
16
400 sin
8,800;
5 32
5-32
3-16
3-16
7-32
7-32
16)6
16U
16 19 32
For
200
May.
16 13-16
16 5 16
4,300
15 27 82
16)6
16 29-32
2,400
16 5-16
8.200
16 IV16
100 8.n....l6 11 82
16 81-32
3,700.
16 11-32
17
16 9-32
400 s.n
200 s.n.6th....lfi*
500 s.n
16)6
5,300
lb*
1,400... ....16 13-34
16 7-16
500
17 1-32
17 1-16
3,700
17 3-32
17*
17 5-32
3,900
9,409
2,400.
16 15-32
55,100 total May.
25,200 total March.
For
100..
For June.
.16 15-32
2.600
16*6
17 7 34
17 *
17 9-®
17 5-16
17 11-32
1,200
1.U00
900
17)6
17 13-82
2,000
2,400
17 7-16
17 15-32
400
bales.
700.
200
1,100
For
200
1,300
1,000
100
3.000
600
900
200
500
100.
17 13-32
17 11-32
17 9-16
17 19-32
...L*
17 21-82
17 11-16
17 23-32
9,600 total July.
For Angus*. '
17 9 16
17 19-82
600
17*
200
17 28-32
17 V
17 25-32
1,100
17 13-16
8.300 total Aug.
For
200
300
September.
16 29-32
17
17 1-16
July.
17 7-16
17 15-32
....17*
.
cts.
17 11-16
500
1,100
1,200
17)6
17 5-82
17 3-16
April.
...
ct«.
1,000
1.300
4.300
20.900 total .lune.
total April.
100s.n.lst..l6 8-32
2,200
bales.
16)6
59*iw0
16 21
1,600 total Sept.
For October.
100
16*
SO
!6*
100
.16)6
500 total Oct.
For November.
16 7-16
100
1,800
16*
1,900 total Nov.
For December.
100
16*
16*
1,100
during the week of free on board have reached 1,630
The particulars of these sales are as below :
1,130 f. o.b.
500 f.
o.
the week, but the remaining
three and
inches and
seventy hundredths. The thermometer has averaged 55.
Columbus.—We have had three rainy days the past week, the
rainfall reaching four and eighty eight hundredths inches. The
thermometer has averaged 57, the highest being 74 and the low¬
Atlanta.—It rained
on
four days of
three days were pleasant. The rainfall has reached
nineteen hundredths of an inch, and for the month six
est 38.
Savannah.—It rained
one
on
day, but the rest of the week has
pleasant. Rainfall for the week, twenty-three hundredths
of an inch ; for the month, three inches and fifty hundredths.
The thermometer has been up to 80 and down to43, averaging 59.
been
heavy and general rain on three days
The rainfall reached
one and seventy-four hundredths inches ; for the month of Febru¬
ary, five inches and eleven hundredths.
The thermometer has
Augusta.—There
was a
remainder being cloudy.
of the week, the
averaged 57.
Charleston.—The weather the past week lias been warm
an inch.
The thermometer lias averaged 56, the high¬
being 73 and the lowest 43.
The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3 o’clock
this afternoon (Friday, March 5). We give last year’s figures
(Friday, March 6, 1874) for comparison:
dredths of
est
-March 5, 1875—,
Inch.
Feet.
mark
Above low-water-mark
New Orleans. .Below high-water
....
Memphis
....
Nashville...
b. Baltimore, p. t.
.
25
11
0
18
18
7
9
10
Above low-water mark
Shreveport
Above low-water mark
Vicksburg
Above low-water mark
New Orleans reported below
1,630 total bales.
and
cloudy, with four rainy days, the rainfall reaching fifty-five hun¬
1,200 total Dec.
The sales
bales.
247
THE CHRONICLE.
1875.]
—
....
....
March 6, 1874.Feet.
a
33
20
24
89
Inch
1
3
8
1
4
high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
The following will show the closing prices each day oa the
1871, or 16 feet above low-water mark at that point.
basis of low middling uplands (old classification) for the several
Monthly Movement of Crop.—Below we give our statemnte
deliveries named;
of the monthly movement of the crop brought forward to March
Fri.
Toes.
Wed.
Thurs.
Mon.
Sat.
Fri.
16*
16*
16*
16*
16*
1st. To reach these monthly figures we have in each case taken
16*
16 3-16
16 13-32
16 7-16
16 11-32
16 5-16
March
16 5-32
16*
our total mail returns nearest the end of the month, and added to
16 9-16
15 23-32
16 23-32
16 19-32
16 19 32
April
16*
16 29-32
17 3-32
16 29-32
16 15-16
17 1-16
17
or substracted from that total the days receipts (as per daily cot¬
16*
May
17 11-32
17 7-16
17 3-16
17 9 32
17*
17 5-16
June
ton exchange report) necessary to complete the month. This year
17
15-32
17
11-16
17
2
>32
17
15-32
17
9-16
19-32
17
17*
July
17 25-82
17 13-16
17 11-16
17 11-16
17*
we take the total in our table of mail returns of to day (2,914,250
16 29-32
16*29-32
17
September.
16*
bales,) which table brings the figures down to February 26th.
16*
ie*
16*
16*
16*
To this total, therefore, we add the receipts for February 27th
115*'
115
114*
114*
114*
114*
4 80*
4.80
4.7S*
4.81
4.78*
(11,423,) and for February 28 (8,370) winch makes the total to
4.79*
631
812
367
1,983
2,731
!,908
4,663
Maiclil,aswe give it, 2,934,051 bales. The 28tli of February
20.000
26,000
46,300
37.200
17,000
83,000
23,300
Weather Reports by Telegraph.—The weather the past was Sunday, and we therefore divide Monday’s receipts between
the two days, and hereafter shall always divide equally between
week appears to have been more favorable for farm work in the
the two days, the total for Monday when the month closes on a
extreme southwest and also in some other sections of the cotton
States ; but, over a considerable section, the excessive rains appear Sunday.
MONTHLY MOVEMENT OP CROP.
to have continued, so that all kinds of work has been delayed. At
Year leginr ing September' 1.
some points the rivers have overflowed.
Monthly
Receipts.
Galveston.—It has been showery here on two days this week,
1869.
1870.
1871.
1874.
1873.
1872.
the raintall being fifteen hundredths of an inch ; the rainfall for
153,901
123,317
184,744
82,073
134.376
115,255
the month is one inch and ninety-seven hundredths. Planters September
October
355,099
333,601
329^449
355,323
444,003
536,968
are now vigorously at work preparing for the next crop.
The
The
following exchanges have been made during the week :
*c. pd. to exch. 1,500 Feb, for March.
*c.
••
500 April, for May.
...
...
..
...»
....
...
r.
•
•
•
•
•
•
.
•
,,,,
•
...
...
thermometer has
est 36.
averaged 60—the highest being 77 and the low¬
Indianola.—There was a shower on one day, the rainfall being
only two hundredths of an inch; for the month the rainfall is
two inches and twenty-three hundredths.
Plowing is now goiag
ou, but little corn, however, has yet been put in and no cotton.
The thermometer has
lowest 39.
averaged 61—the highest being 78 and the
Corsicana, Texas.—On
one
day this week there was a shower,
the
with the rainfall eight hundredths of an inch ; the rainfall for
month has been seventy-four hundredths.
Crop preparations
have been retarded by the coid weather on Tuesday.
The ther¬
mometer has averaged 48—the highest being 79 and the lowest 24.
New Orleans.—Rain fell on four days of the past week to the
extent of thirty-four hundredths of an inch.
Average
mometer 61.
ther¬
Vicksburg.—It rained here on three days the past
week, the
twenty-eight hundredths. The
Average thermometer, 54.
Nashville.—RVin fell the past week on four days, the rainfall
reaching one inch and nine hundreths. The average thermometer
was 44, the highest 54, and the lowest 33.
Memphis.—There has been rain here on three days of the week,
the rainfall reaching one inch and eighty-two hundredths. The
tributary rivers are higher. Cotton is coming forward freely.
The thermometer has averaged 42, having been as high as 57.
rainfall reaching one inch and
rest of the week was pleasant.
and down to 36.
Mobile.—It rained constantly one day,was showery one day,
fair two days, and cloudy the balance of the week ; as the week
closes, however, there is a favorable change. The rainfall was
one inch and ninety-three hundredths ; for the month, seven and
fifteeu hundredths inches.
The thermometer has averaged 58
the highest being 74, and the lowest 44.
November
676,295
December
759,036
■
January
February
Total to March l.
520,274
544,142
625,714
867,813
500,105
2,934,051 3,043,205 2,715,857 2.232,145 2,884,142 2.147,864
.
3,804,290 3,651,346 2,732,286 4,032,154 2,911,121
153,825
122,065
237,572
141,500
228,923
receipts..
Overland
128,526
consumption
137,662
120,000
91,240
90.000
1.170,388 3,930,508 2,974,351 4,352,317 3,154,946
Year’8 total crop
Percentage of total port re¬
ceipts received Jan. 1
Percentage of total port re¬
ceipts received Feb: 1
Percentage of total port re¬
ceipts received March 1
Percentage of total crop received Jan. 1
Percentage of total
crop
Percentage of total
.
crop
.
48-84
4611
50 99
40-87
46 56
6 7 30
61 71
69.01
56 43
60 99
79 99
74-38
8169
7 5-28
73-78
44-56
42 83
46 84
37-87
42 96
61-39
5 7 32
63 42
52-28
56 27
7-r,-37
69 09
7 5-04
re-
ceived Feb. 1
ceived March 1
461,509
2,550,727 2,560,517 2,253,305 I,885,551 2,275,550 1,775,546
346,594
372,318
482,688
608,589
381,324
462,552
Total to Feb. 1
Southern
530,153
524,975
2,106,675 1,858,349 1,683,875 1,393,305 1,648,272 1,355,423
420,123
627,281
492,246
702,168
569,430
444,052
Total to Jan. 1
Year’s port
576,103
811,668
re-
6626
Jan.
18
68.07
Jan. 8.
Dec. 29.
Jan. 8.
Half the port receipts received Jan. 2.
On which day receipts were... 1,909,958 1,822,525 J ,375.784 *,011,601 1,454,908
Jan. 18.
Jan 26
Jan. 5.
Half the total crop received... Jan. 11. Jan. 16.
receipts were... 2,083,115 1,978,164 1,486,893 2,169,2951 1,575,389
It will be seen that we have also worked out and added to the
above table the percentage receive l at the ports, up to March
On which day
l,of each ,previous years’ total port receipts and total crop.
Montgomery.—Rain fell on five days of the past week, the rain¬ Taking
five years together the average receipts at the portp
three inches and seventy-seven hundredths. We* to Marchthe
1 were.77 per cent, of the years’ total receipts at the
are having too much rain.
Rainfall for the month, seven and
eighty-six hundredths inches. The rivers have overflowed and ports. If we should apply this average to this year the total re¬
much damage is feared. The thermometer has been as low as 39, ceipts at the ports woul l be 3,810,000 b ties ; adding then 350,000
for overland and Soni hern consumption, we should have a crop
and up to 76, the average beiug 55.
of 4,160,000 bales. - Or i f we consider that thi * year’s movement up
Selma.—It rained here on four days of the past week, the rain¬
to this month is repr- .seated by the largest percentage of port re¬
fall aggregating four inches and five hundredths. Rainfall for
February, seven inches and sixty-four hundredths. , Average ceipts of any year in our r coM that of 1871-2, when it was
8l(>9 per cent, as given above, then the total port receipts for
thermometer, 56.
1874-5 will be 3,714,000 bales, which, with 350,000 bales added
Macon.—We had one rainy day the past week. Rainfall for
for overland and Southern c msumption, would make a crop of
February, four inches and thirty-seven hundredths. Average
4,064,000 bales,
thermometer, 56; highest 70, lowest 49.
fall reaching
(March 6,1876.,
THE
248
Of the above,
Shipments—According to our cable despatch received
to-day, there have been 30,000 bales shipped from Bombay to Great
Britain the past week, and 4,000 bales to the Continent,while the
receipts at Bombay, during the same time have been 49,000
bales. The movement since the first of January is as follows.
These are the figures of W. Nicol & Co., of Bombay, and ait
brought down to Thursday, March 4:
,—Receipt*.—
Bombay
r-Shipments since Jan. 1—,
Great
ConBritain, tlnent.
Total.
.—Shipments this week—,
Great
ConBritaln. tlnent. Total.
30.000
1875
1874
1873
f rom
4,000
14,000
15,006
80,000
12,000
tiie foregoing
76,000
63,000
48,000
182,0C0
133,000
139.000
34,000
29,000
42,000
it would appear that
258.000
196,000
187,000
the totals or American
and other descriptions are as follows:
United States stock
...
United States interior stocks
United States exports to-day
Since
This
week.
Jan. 1.
49,000
61,000
860,000
288,000
85,000
*65,000
Total American
.375,000
127,000
659,000
736,960
108,277
7,000
there is an increase of 5,000 bales this year in the week’s
shipments from Bombay to Europe, and that the total movement
since January 1 shows an increase in shipments of 63,003 bales
compared with the corresponding period of 1873.
Messrs. Nicol & Co. telegraph that they expect continued large
307,000
395,000
India afloat for Europe
Egypt* Brazil, Ac.,
shipments throughout March and April, but comparatively small
in the month of May.
They estimate the total from January 1 to
June 30 at 1,100,000 bales, against 1,045,000 bales same period of
Total American..
337,000
249,000
88,000
80,000
963,750
2,013,237
1,049,750
2,030,677
3,080,427
1,177,000
1,559,588
supply
hales. 2,976,987
Uplands, Liverpool...... 7#<a8d.
Total visible
Price Middling
328,000
188,000
67,000
afloat
Total East India, &c
9,000
188,750
188,000
190,000
120,750
182,000
287,000
Continental stocks
year
103,08?
1,559,583
2,030,677
London stock
/
865,000
146,000
581,000
515,494
587,000
757,047
131,680
25,000
bales. 2,013,237
East Indian, Brazil, <kc.—
Liverpool stock
compared with last
1873
1874.
338,000
192,000
1875.
American—
2,786,628
9*@9J<d-
These figures indicate a decrease in the cotton in sight to
This rapid movement will, they state, leave stocks in night, of 103,440 bales as compared with the same date of 1874
the districts tributary to Bombay small. The only district which and an increase of 240,464 bales as compared with the correspond¬
they think is short in quantity is Broach, where they estimate a ing date of 1873.
Movements of Cotton at the Interior Ports.—Below we
deficit of 15 per cent, but the quality is excellent.
the movements of cotton at the interior ports—receipts and
give
Gunny Bags, Bagging, &c.—The demand for bagging has
shipments
for the week, and stock to-night, and for the corres¬
been moderate the past week, and while there is more inquiry
ponding week of 1874:
r-Week ending Mch. 6,’74-,
there is no excitement. Holders are very firm generally, and
—Week ending Mch. 5, ’75—»
lpr
Stock.
look confidently for an advance further on. Sales since our last
Receipts. Shipments. Stock. Receipts. Shipments.
97,591
4,153
3,176
14,536
2,796
1,982
Augusta
are 500 half rolls and 350 rolls for June delivery at 12£c., and 500
U,S91
1,597
t909
10,153
1,252
403
188
10,856
528
full rolls, also for June at 12ic.
One mill has been destroyed by Columbus
7,582
1,927
Macon
819
555
290
2,915
3.679
1,144
fire, and one city mill has not been running during February. Montgomery*.
512
873
5,006
930
4,740
1,139
739
;..
Prices on spot are quoted at from Ilf to 12c. cash.
There have Selma
58,765
10,296
9,280
52,527
12.378
Memphis
6,463
been no sales of cloth, and prices are quoted nominally at 9@
15,106
3,283
3,441
15,060
3,910
Nashville
1,331
94c. for native and 12^0. for Borneo, with the following stock in
New York, March 1,1875 : 5,300 bales against 10,500 bales in
Total, old
18,554
12,249
24,545
103,277
20^945 131,630
1874; 3,800 bales in Boston against 4,700 bales in 1874. Gunny
TtsT
4,583
6.728
2,104
2,09S
2,338
Shreveport
566
1,360
1,384
475
225
2,675
bags are entirely neglected at ll-£@12ic.-, as to quality. Stock in Atlanta
2,311
2,630
3,606
26,455
2,092
14,121
New York and Boston, 2,476 bales against 4,719 bales last year. St. Louis
15,644
10,389
9,910
18,006
3,561
4,733
Jute butts have been in a good position, particularly for lots on Cincinnati
spot or near at hand, and even to arrive, at a slight concession,
15,370
16,697
50.428
8,226
9,926
39,068
Total, new
lots can be moved.
None of the new crop which has yet arrived
27,619
158,705
30,871
41,212
26,780
170,692
Total, all...
has been suitable for making bagging.
Sales during the week
have been made of 1,000 bales on spot at 2 9-16c. cash and 2$c.
This is the stock at Montgomery by actual couut, being 973 hales more
time, and 4,000 bales to arrive per Cashmere, at 2|c. cash. The than the running count.
.
''
following statistics are as made up by Messrs. Willett & Hamlin,
The above totals show that the old interior stocks have decreased
March 1,1875 :
during the week 11,323 bales, and are to-night 23,353 bales less
1873.
1874.
1875
Butts.
Butts.
than at the same period last year. The receipts have been 6,305 Butts. Rejects.
55,000 bales less than the same week last year.
35,897
none
40,400
Stock in New York, Mar. 1.
last year.
.
.,
*
.
.
a.i
.
1,800
2,700
10,300
39,497
1,800
43,100
22,297
71,300
68,843
3,616
27,103
26,538
96,116
172,353
17,997
16,460
114,113
'188,812
46,143
.
Sailed for U. S. bal. Jan. by
3,600
500
cable.
14,000
.
.100,140
Supply to July 1.
Probable supply to Aug. 1, 5
.120.140
120.140
mouths
Consumption Mar. 1 to Aug 1, 5 months
.
Consumption in February
Consumption from Jan. 1 to Mar. 1
Consumption for entire year
1,800
20,000
.
»•
.
13,73a
35,501
....
•
" 7 *6*1
3,796
5.672
73,173
15.9 0
27,101
Imported from Jan. 1 to Mar. 1.
.
33.516
14,668
,
10,000
761
by cable and
we
givb
EXPORTED TO
Feb.
10.
59,250
11,751
5,000
Liverpool
Other British
33,000
asxMade up by Cable and Tele
our table of visible supply, as made up
telegraph to night. The continental stocks are the
figures of last Saturday, but the totals for Great Britain and the
afloat for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence to make the totals the
complete figures for to night (March 5). we add the item of
exports from the
United States, including in it the exports of
Friday only.
Stock at Liverpool
Total Great Britain stock
Stock at Havre
Stock at Marseilles
Barcelona
Stock at Hamburg
Stock at
1875.
1874*
1873.
682,000
120,750
733.000
588.000
188,750
188,000
802,750
114,750
921,750
143,250
11,000
776,000
38.000
50,000
30,000
8,750
65,750
10.750
20,000
32,250
32,250
66,000
25,250
45,250
11,500
6,000
Feb.
17.
Total to Gt. Britain
189,000
13,000
Havre
Other French ports....
7,115
11;933
8,398
214,518
290,435
6,412
7,115
11,933
8,398
214,518
290,435
4,351
6,234
1,701
4,351
7,935
903
600
13,846
15,634
1,950
18,804
3,698
1,503
31,430
;18,1W
Total to N. Europe.
2,973
Total
This
week.
India cottou afloat for Europe
American cotton afloat for Europe
287,000
659,000
190.000
Florida
S’th Carolina
N’th Carolina.
5S7.00C
521.000
Egypt, Brazils, &c., afloat for Europe....
.67,000
736,950
108,277
7,000
88,000
80,000
757,047
515.494
131,610
25,000
103,029
9,000
3,080,427
2,736,523
Total visible
supply
2,976,987
9,385
520
1,929
•
•
•
•
•
616
10
....
....
•
2,647
•
10
2,647
250,309
819,130
....
....
U7,635
14,191
BOSTON.
NEW YORK.
1.259,000
249.000
United Stales interior ports....
299,
200
...
bboe’tbprom-
1,301,750
in
•
•
9.901
The following are the receipts of cotton at New York, Beitou,
Philadelphia and Baltimore for the last week.and since Sept. 1/74,
1,111,750
United States exports to-day
329
1,430
520'
•
..
Grand Total...
Savannah.....
Stock
.
900
Spain, Ac.
483,000
Stock in United States ports
....
•
*
380,000
Total European stocks
•
....
All others
309,0^ 0
Total continental stocks
•
•
835
Hamburg
Other ports
22,000
-
....
1.1238
43,000
68,000
329
•
Bremen and Hanover.
31,000
37,000
17,250
year.
6,412
....
total French
27,000
Stock at other continental ports
date.
Ports....
13,000
Stock at Antwerp
Mch.
3.
to
Feb.
24.
period
prev’us
Total
Visible Supply of Cotton
graph.—Below
Same
WEEK ENDING
175,374
4,596
Sales in February
this week from New York show a
last week, the total reaching 9,901
bales, against 14,191 bales last week. Below wo give our usual
table showing the exports of cotton from New York, and their
direction for each of the last four^ weeks; also the total ex¬
ports and direction since Sept. 1,1874; and in the last column
the total for the same period of the previous year.
Exports oi Cotton(bales) front New Yorksloce8ept.lt 1874
The exports of cotton
decrease, as compared with
New Orleans..
Tatar
, Since
2,678
2,442
1,650
Mobile
Vlrcrinia
North’rn Ports
Tennessee, &c
Sept. 1.
83,614
;
31,534
92,406,
I,270
2,324
2,030
1,955
6,962
This
•••
3,926
788
935
Total this year
20,011
5$0,54lj
Total last year.
20,610
666,4771
This Since
week. Septl.
This Since
week. Sept.l
....
'592
2,566
2,052
11,053
•••
364
12,622
....
~87
147
52^267
4,234
49.474
1,035 22,971
32,522
137
8,967
BALTIMORE*
_
16,809
900
Foreign
18,906
4,5851
1,398 29,857,
5,087
1,920
5.1021
99,028
42,810!
129,112
II,030
94,235
Since
week. Septl.
PHILADELP’lA
j
199,594,
8,139 2QL696;
1,774 42,876
723
f39.^9 T
7,058
15,501
1,927 52,002
621
3
5,«7
3,483 92,850
3,661 85.847
March 6,
1875.]
249
CHRONICLE.
THE
SHIPPING News.—The exports of cotton from the United States
the past week, as per latest mail returns, have reached 74,260
hales. So far as the Southern ports are concerned, these are the
The following table will show the
Satur.
Mon.
daily closing prices of cotton for the week:
Fri.
Thurs.
Wednes.
Tues.
7Ji®8
7%®8
7%®8
7Ji®8
do Orleans. ...<®8>*
...®8*
.®8*
...®8*
European Cotton Markets.—In reference to these markets
Mid’g Uplands 7%®8
7%®8
...®8*
.
gameexports reported by telegraph,and published in The Chron¬
icle last Friday, except Galveston, and the figures for that port our correspondent in London, writing under the date of Feb. 20,
are the exports for two weeks back.
With regard to New York, 1875, states:
we include the manifests of all vessels cleared up to Wednesday
Liverpool, Feb. 18.—The following are the prices of middling
night of this week.
Total bales. qualities of cotton, compared with those of last year:
New York—To Liverpool, per steamers Halley, 1,006 — France, 1,975
Fair &
r-Good &
Same date 1874....Adriatic, 886... .City of Brooklyn, 848
Idaho, 1,476. ..
Algeria. 658 ...per ship Strathearn, 1,744 ....per bark II. L.
Routh, 855
To Bremen, per steamer Deutschland, 903
To Hamburg, per steamer Frisia, COO
■
New Orleans—to Liverpool, per steamer Alice, 3,193
per ships
Eurydice, 3,793
Transit, 3.035....per bark Emily, 3,200
To Cork, per bark Kalllsto, 1,520.
'.....
To Havre, per
barks Esther, 1,578.... Antoinetta, 1,507... Martha
McNeil, 3,014
To Bremen, per bark Weser, 1,806
Mobil?—To Liverpool, per ship Ronochan, 3,531
To Barcelonal per brig Pedro Maristany, 500
Charleston—To Liverpool, per bark Sarpedon, 1,669 Upland and 101
A.
Sea Island
To Havre, per bark Carmencita, 849 Upland.
To Bremen, per ba’k Mercur, 2.100 Upland
—
Savannah—To Liverpool, per ships Conqueror, 5,115 Upland and 124
Sea Island
Shelbourne, 3,674 Upland and 237 Sea Island. .per
bark Anna Lee, 1,024 Upland...
.
r-Ord.&Mid—*
8,398
903
600
13,821
1,520
6,099
1,306
3,531
500
849
2,100
3.550 Upland
Othere, 1,989
1,843
Vasco de Gama, 1,395...
Fleetwood, per bark Elinor, 1,167
To Bremen, per bark Flora, 1,300
Norfolk—'To Liverpool, per bark Matilda Heilgard, 1.903
Baltimore—To Liverpool, per steamer Manitoban, 735
To Bremen, per steamer Braunschweig, 1,9C0
Boston—To Liverpool, per steamers Quebec, 782... .Marathon, 1.666...
Philadelphia—To Liverpool, per steamer Indiana, 719
To
10,174
The particulars of those
follows:
15
16#
7 5-16
N.O& Tex 6#
24
21
19
Vi
spec, to
1874.
bales.
510
800
320
1874.
bales.
bales.
11,040
21,434
4,580
105,130
39,980
510
1,757
1.102
2.523
36,821
26,000
501,000
66,460
683,580
1.205
237
13.690
29,109
8,907
Totul
83,410
33,730
28,370
43,348
1,300
shipments, arranged in our usual form
on
1875.
bales.
11,300
1,903
735
1.960
2,448
719
8*
8*
9X
1873.
bales.
9.540
1,450
3.180
3,550
1,167
20
M.F.
Actual ex p.from
Actual
Liv., Hull <ifc other exp’tfrom
U.K.in
outports to date—%
this date-*
20,770
3,390
Egyptian, &c.
26
21
the year the transactions
xport have been:
American.... 55,690
Brazilian....
420
18
17tf 18# 20
23
16
17
G.Mid. Mid.F. Mid.
Mid.
G.Mid.
8
834
7%
8*
7*
7 11-16 7 15-16 8*
8
sy.
8
y.
8#
Vi
8*
Since the commencement of
1875.
36
W. India, &c.
930
8. India &c. 22,980
74,260
Total
18
Mid. Fair. Good.
Fine.—,
g’d fair—.
16
Ord. G.Ord. L.Mid.
Vi
7*
Upland... 6%
7 7-16
Mobile.... 6#
7*
1,770
—
To Bremerhaven, per bark Kooria Mooria,
Texas—To Liverpool, per barks Galveston,
Lizzie Wright, 2,702—Mercedes, 987
Sea Island
Florida do
,
1874.
12 470
London, Feb. 19.—The market has been quiet, at barely late
Annexed are the particulars of imports, deliveries and
rates.
stocks:
1873.
Bales.
Imports, Jan. 1 to Feb. 18
.
26,533
59,511
50,447
69,503
195,460
194,190
131,303
59,003
Deliveries
Stocks, Feb. 18
1875.
Bales.
1874.
Bales.
39,950
are as
Bre- Ham
Liver- Fleet-
Barce-
pool. wood. Cork. Havre, men. burg.
New York
New Orleans
Mobile
Charleston
Savannah
Texas
Norfolk
Baltimore
Boston
8,398
13,821
3,531
1.770
10,174
Philadelphia
719
8,907
1,903
1,520
Iona.
600
903
500
'849 2’ioo
4,719
13,724
11,374
1,903
2,695
3,550
1,300
1,167
1,960
735
9,901
22,746
4,031
1,306
6,099
2.448
719
2,448
BRE ADSTUFFS.
Total.
Total
600
52,406 1,167 1,520 6,948 11,119
600 74,260
Below we give all news received to date of disasters, &c., to
vessels carrying cotton from United States ports :
France, str. (Br.), from New York for Liverpool, in proceeding to sea A. M.
Feb. 28, grounded on the Outer Middle bar, where she remained until
12:30 A. M. March 1, when she floated, proceeded and cleared the bar at
-
Friday, P. M.. March 5. 1875.
mm
buoyant market for flour, and early in the week
with supplies cut off by
storms and floods, the offerings have latterly been quite small
and this, with the firmness of holders, has checked business. The
production has somewhat increased, and our local millers are
ahead for several weeks. The latter fact, together with the smalj
stocks available for immediate delivery, has caused the flour mar¬
We have had
there
was
a
considerable activity, hut
respond in prices promptly to the advance which has taken
place in wheat. Choice superfine lias sold at $4 75, and good
lines of low extras at prices in our range,
llye flour and corn
meal
have
been
steady.
To
day,
there
some
was
further advance
1:30 A. M.
Manhattan, str. (Br.), from Philadelphia for Liverpool, grounded on the in quotations, but the business only moderate, and the close com¬
Knoll off Finn's Point, Newcastle, Del., at 1 P. M., Feb. 21, and was
hauled off at 4 P.M. by the city ice boat, proceeded down under tow, and
paratively tame.
went to sea 22d. 5 P.M.
Wheat has been tending upward, and on Wednesday and
Parthia, str. (Br.), Watson, for Liverpool, left her wharf, Jersey City, at 8:30
P.M., Feb. 25, and on her way to sea grounded same night on the mud Thursday was quite active, with sales of No. 2 Chicago at $1 12,
flats off Communipaw. and remained.
She discharged a portion of her
in store, No. 2 Milwaukee, $1 16£, afloat; No. 1 Spring, $1 19@
cargo in lighters, and came off at high water 26th, without damage, re¬
shipped her cargo and proceeded 27tn.
1 20, and red and amber winter at $1 25@1 23.
The demand
Vicksburg, str. (782 tons), Rudolf, from Fernandina via Port Royal, S. C.. of
and for New York, went ashore at 11 P. M., Feb. 25, on the beach seven
The vessel will be a complete wreck, as she
miles east of Fire Island.
has listed off shore, starboard quarter completely gone, and cargo all
out and strewn along the beach for miles, which the Coa«»t Wrecking
Company are busily engaged in saving, and will ship it to New York.
The cotton and naval stores will nearly all be saved.
Canterbury (Br.)—The weather at Savannah for a few days pr:or to Feb. 26
had not permitted much to be done on the wreck of ship Canterbury,
from Mobile for Roval, but on the 25th the wind was from the west, and
if it continued so 26th there was every prospect of a good day’s work.
if the -wreck should break up
the bulk of the cargo could be saved. Coast guards were stationed at
all necessary points, so that immediate notice should be sent to the
proper parties. Wrecking steamer Lackawanna, with three schooners
and a sloop were in attendance and watching every opportunity to save
Every precaution had been taken, so that
A lighter load of about 200 bales was taken up
bales, with a lot of loose cotton, on the 22d.
Edward O’Brien, ship, from Mobile for Liverpool, before reported as ashore
at Port Madoc, was badly strained and had 16 feet water in her hold Feb
16; 1,150 bales cotton were landed up to the 17th, and steam pumps put
on board.
(The E. O’B. was subsequently got off and beached at nolyall that could be saved.
to Savannah Feb. 21; 50
head.)
Tarragona, bark (Sp.), Pascaul, from
New Orleans, before reported spoken
14, with loss of
with loss of spars, arrived at Barcelona prior to Feb.
mainmast and mizzen-topmast and four of the crew.
Cotton
freights the past week have been as follows :
4.
Saturday...
*®9-32
*®9-32
X@9-32
X®9-32
&@9-32
#®9-32
Monday....
Tuesday...
Wednesday
Thursday..
Friday
Market quiet.
_
-Bremen.Steara. Sail.
-Havre.
Steam. Sail,
•Liverpool.
Steam.
Sail,
d.
c.
7-32®J^comp. V*
7-32®)i'comp.
••
mi
©m
®x
©m
©m
%
7-82®^comp. 7A
7-32® If comp.
7-32®Jfcomp. y%
comp yx
7-32®
7-32®*comp.
..
Sail.
c.
c.
c.
c.
c.
-Hamburg.—,
Steam.
.MM
.MM
.MM
.MM
.comp. .MM
MM
coinp.
..comp.
..comp.
.comp.
..comp.
.
.
■
..
bales were for export and speculation.
bales were American.
Thu weekly
lollows:
Feb. 12.
of which speculator
Total stock
of which American.
Total import of the w<
of which American.
Actual export
has been brisk for export,
les.
bales.
90,000
Of to-day’s sales 6,000
movement is given as
Feb. 19.
68,000
8,000
....
....
,...
...
Feb. 26.
1! 2,000
11,000
17,000
7,000
86,000
9,000
14,000
682,000
375,000
43,000
20,000
9,000
518,000
336,000
5S9,000
364,000
12,00)
5.030
19,000
712.000
393,000
73,000
773,000
418,000
65,000
52,000
7,000
6.000
468,000
297.090
Mch. r«.
389,000
27,000
favored by lower ocean freights and a
supply of steamer room ; and there was also a good busi¬
milling, with not a little speculative feeling. Receipts at
the West have increased a little, but are still comparatively small,
To-day, a
and the better demand effects a reduction of stocks.
liberal
ness
for
portion of the advance was lost, with sales of prime No. 2 Chi¬
cago, in store, at $1 il£.
Indian corn ruled rather quiet, and prices barely steady, until
yesterday, when the storm having cut off receipts and the future
of supplies being involved in some doubt, from the dangers to
which the great lines of transportation are exposed from floods,
the demand-became more active, and prime new mixed advanced
to 85c., with a sale for arrival this month at the same price.
Rye has been quiet, and barley materially declined, with sales
at $1 05 for two-rowed State and $1 25 for Canada West, but
recovered. 5c. to-day. Canada peas have remained quiet. Oats
have been depressed by free offerings of delayed lots received by
rail, with much irregularity of prices.
To-day, the market was
firm and more active, at 68£(®69c. for prime mixed.
The following are the closing quotations :
$ bbl. $4 25®
3upcrftneStateand West¬
Bxtra State, &c
Western Spring
Wheat
extras
do XX and XXX
do winter wheat
XX
Xand
City shipping extras.
Grain.
|
Flour.
No. 2
ern.
Liverpool, March 5.—3.30 P. M.—By Cable from Liver¬
pool.—The market opened quiet and steady and closed quiet
to-day. Sales of the day were 15,000 bales, of which 3.0G0
Sales of the week
of which exporters t
ket to
...
4 60®
5 00®
4 95®
5 40®
5 oil®
5 15®
Wheat—No.3 spring,bush.$1 06® 1 10
4 50
No. 2 spring
No. 1 spring
Red Western
Amber do
25 I
White
25 Corn-Western mixed,new
White Western,new....
Yellow Western, new..
8 00
5 60
Southern,yellow, new..
85
20
j
_
Rye
City trade and family
brands
6 00® 7 75 j Oats—Black
Southern bakerB’and faI Mixed
1 11® 1 16
1 17® 1 SC
1 22®-1 25
1 26® 1 27
1 28® 1 35
85® 85#
81®
85 X®
85®
90®
65®
66©
68®
86
86
86
95
67
69
70
mily brands
7 00® 8 00 I White
75® 66 50
@ ....
Souther^ shipp’g extras.. 5 75®
50 ! Barley—Western.
Canada West
1 25® 1 80
4 85® 5 10
Rye flour, superfine
State
1 05® 1 20
Cornmeal—Western, &c. 4 10® 4 50
1 06® 1 25
Corn meal—Br’wine. &c. 4 65® 4 75 Peas—Canada
market
as folhas
been
The movement in breadstuffs at this
.
lows:
.
>
18 75.
Since
For the
Jan. 1.
week.
48S.993
50.966
36.069
4,213
211,340
1,111,549
Flour, bids.
C. meal, “
Wheat, bus.
.
“
Corn,
4,478,563
571,078
.
^Barley
“• '.
Oats
.
18“;r5,
Since
Jan.
,
aggregate distribution, however, and the market re¬
as last noted, with the tendency on all lines of cot¬
ton fabrics favoring sellers.
The demand for packages has been
rather better this week than for piece goods, and many of the
been
NEW YORK.18'74.
Since
For the
Jan. 1.
week.
-EXPORTS PROM
RECEIPTS AT NEW YORK.-
*
Since
Jan. 1.
For the
701.829
week.
28.970
50,124
760
5,871,200
254,290
2,137,805
2,360,3.58
201,812
2,491,539
105,981
8,568
19,936
2,310
1. 1974.
400
6.700
165.450
129,655
188,400
370,186
318,956
1,077,494
1,521,843
300
90
...»
3,063
In “ Receipts at New York” includes also malt.
The foliowing tablet* show the drain in sight
meat of Breadstuff's to the latest mail dat.fss:
RECEIPTS AT LAKE AND RIVER PORTS FOR THE
PEB. 27, AND FROM AUG. 1 TO FEB.
Toledo
Detroit
Cleveland
St. Louis
Peoria
Duluth
26,956
217.870
12,220
190,665
44
57.350
6,051
2.875
50,599
.
.
13,440
105,018
23,720
24,957
.
503
lots.
182,985
17,953
658,662
73,606
63.261
109.964
Total
Previous week
Corresp’ng week,’74.
426,304
731,845
’73.
99,463
“
’72.
“
’V1
’70.
90,000
71,861
“
“
650,541
212.523
261,982
457,480
117,003
is well advanced.
son
and the move
•
•
Goods.—The
Cotton
Domestic
market
ruled firm
has
....
....
....
....
....
firm
WEEK ENDING throughout the week, with a good demand for staple lines of
27.
brown and bleached goods and heavy deliveries on orders placed
Rye,
Oats.
Barley,
Corn.
busb.
bash.
bush.
earlier in the season. There have not been many price changes,
bush.
>8 lbs.)
(56 lbs.) (321bs.) (481hs.)
12.168 and the principal ones are the advances on leading makes of brown
32,645
135,750
343,952
5,017 and bleached wide sheetings.
11,100
30.410
11,858
Some fine shirtings have also ad¬
350
23,511
100,516
646
6.346
vanced a fraction, and the entire market, so far as it ha3 not
14,828
16,133
5,280
12,489
15,180
already advanced, is tending upwards, on account of the restricted
3,670
35,090
66,953
128.565
6,360
11,100
69,250
201,290
production. The supply on the market continues light. The
receipts, which have increased somewhat, are mostly required to
28,211
101.661
334.630
835,846
fill back orders, and the additions to the stock are small. Colored
44.537
24,520
241,606
594,351
31,847 cottons are firmly held without, however, a brisk movement, and
257.630 163,933
38S.808
144,178
31,978
456,540
1,024.705
17,204 the market is somewhat higher on two or three well-known
262.457 108,304
1,069,790
21.083
43.606
152,617
402.523
The demand for prints has been
13,359 marks of tickings and denims.
42,307
151,503
313,997
Wheat
Flour.
bnsh.
bbls.
*196 lbs.) (60 lbs.)
.
as
larger jobbing houses have had a liberal trade in full package
The opening of trade in the interior is very backward, and
the severe and prolonged Winter weather gives but little en
couragement for much retail trade in Spring goods until the sea¬
5,305,954
1,843.177
*
Chicago
Milwaukee
fair
a
mains
409,453
24,702
40,911
2,700
368,371
294,802
22.207
[March 6, 1675,
CHRONICLE.
THE
250
brands. Cloths
firm, and the stock is still light. The closing quota¬
Same time 1872-73
5,523,830
for
extras
on the spot is 6£@6fc.
tion
There is a prospect that
31,368,673
34,250,076
17,603,535
.3,247.773
Same time 1871-72.,..
SHIPMENTS of Flour and drain from the ports of Chicago* prints will all advance soon in sympathy with the rise in cloths.
“Milwaukee, Toledo, Detroit, Cleveland, St Louis, Peoria and
Domestic Woolen Goods.—For the principal lines of woolens
Duluth, for the week ending Feb. 27, 1875, and from Jan. 1 to for men’s wear the demand has not been very brisk, and the
—
Feb. 27:
hea',
Corn,
Oa.b,
Barlej,
bnsh.
bush
bush.
63,071
191,871
112,770
135.436
69.220
182,501
238,239
492,211
111,527
45,470
37,233
331.865
152,949
110,081
bbls.
85,750
83,069
Corresp’ng week 1873
Corresp’ng week 1872
Corresp’ng week 1871
Total Jan. to date —
Same time 1874
Same time 1873
Same ti me 1872
47.253
87,820
165.400
81.735
514,733
102,229
52,784
52,817
1,307,809
1,339,000
1,462,051
861,832
413.0)2
737,9 22
218 277
1,899,647
6,140,399
3 237.325
670,970
1,09 5,3 S3
339,703
2,164,713
3,933,716
1,750,145
Rye.
560,797
123,259
122,469
68,006
345,544
91,881
RECEIPTS OF FLOUR AND GRAIN AT SEABOARD PORTS FOR THE
TO FEB.
WEEK ENDING FEB. 27, 1875, AND FROM JAN.
Rye,
Bariey,
Oats,
Corn,
Flour,
Wheat,
27.
1
hush.
bbls.
At—
New York
Boston
Portland
223,530
45,600
10,482
41.533
—
15,618
6,875
5,025
Montreal
.
Baltimore
New Orleans.
..
12,465
15,145
..
346,712
326.245
112.466
852,300
Total Jau. 1 to date. 1.226.852 2,434.66)
.1,889,734 7.688,450
Same time 1874
1.466,791
Same time 1873.
.. .1.150,294
932,333
iv;2
The Visible
OF
Supply
granary at tLo principal
seaboard ports, in transit
York canals, was, on
...
In store at Chicago.
In store at Milwaub
In store at Duluth.
...
...
..
In
In
In
In
In
In
store at Detroit ..,
store at Oswego*..
store at Boston r ..
store at Sr. Loins.
store at Peoria ...
store at Toronto
.
.
.
...
...
...
...
...
In store at
*
....
119.200
122 400
50,600
11,000
21,550
29,788
979,495
295,020
178,627
276,319
.
.
•
.
•
•
.
20,500
....
300
400
.
.
.
.
.
.
.
.
....
4.700
17,807
1,950
i8,557
32,610
59,010
395,920
2,164,574
453 257
604,471
253,703
2,848,166
6,914,255
1,919,538
593,246
33,199
2,801,836
including
grades meet a fair inquiry from tbo cloth jobbers,
distributed in considerable aggregate amounts.
Worsted suitings sell freely, and the market is firmly maintained
on all desirable styles.
There has been a mere general offering
of shawls, with a fair trade in all of the best lines.
Worsted
dress goods sell fairly at firm prices, and there has been a good
business done, also, in new lines of camel’s hair goods.
Hoisery
is quiet.
Foreign Goods.—There is a good demand for stuff dress
2,500
149,293
the
13,543
stocks
Oats,
Barley,
Ryo
bush.
bush.
bush.
2,902,319
2,065,613
862,312
bush.
226.798
28,500
30,000
61,312
53,00)
202.00.1
72,919
32,834
2,244
517,012
55,212
850,000
95,000
60,000
031
26.288
4,500
22.930
160.000
3,739 029
1,986,507
24,188
400,000
289,221
3-50,000
1,593,077
37,462
346,293
230.019
515.94 4
43,368
382,311
5
i
125,000
8,651
19,589
226,829
190,304
have been as follows:
48,099
25,500
2,500
5,029
152,323
112,555
53,496
13,1.50
29,422
2,507
45.000
1,420
12.000
1,500
1,000
1,000
11.856
68,177
400
459
15,570
74,413
748
445.960
191.871
90,000
112,770
140,000
25,000
135,436
45,000
43.629
43.000
20,000
12,180,111
0,853,214
2,200,033
1,410,300
146,971
...12,118,577
..11,658,255
2,161.445
2,338.134
2,524,111
2,692,533
1,549.696
1,653.619
1,754,993
901,164
....
.M iscellaneouB
753,165
1,292
320,675
205,511
.
986
FROM WAREHOUSE AND
1874—:
,
#927,686
1,538
2,119
669.965
711
573,993
958
1,001
277,840
1,255
703,656
295,411
686
153,556
901
4,975 #1,980,032
7,115
silk
374
flax...., 1,334
Miscellaneous dry goods. 3.076
Total
Add ent’d for
159.280
182,037
295,632
attendance of buyers during the past
week, the advance of the season having brought in a larger repre¬
sentation of the near-bv trade than has been seen during any pre¬
Severe storms, however, have prevailed s<# much
of the time that these buyers have been unable to make a very
general canvass of the market, and for that reason the amount of
business done since our last report lias not been so large as was
looked for by dealers at the opening of the week. There has
275.733
74,797
1,619
7,040 #1.597,571
2,884,6)6
4,975
4 283
728
527
107
598
#395,043
218.919
205,861
167,754
44,470
1,223
$1,032,052
1,930,032
7,115
3,183
#306,394
150,799
136.234
152,938
39,903
#786,263
2,832,375
:
10,293 $3,618,638
9,258 #3.012,084
m’k’t. 14,280 #1,432,197
THI
•
IURING SAME PERIOD
Manufactures of
do
do
wool— 895
cotton..
906
silk
263
502
#382,362
no
flax,....
Miscellaneous dry goods.7,176
1'otnl
Friday, P. M., March 5, 1875.
235,707
*
833
844
215
722
consurapt'n 7,240
Total thrown upon
Value.
THROWN INTO TI1B MARKET DURING
317,647
401.916
do
do
Value.
Pku
1.882
#497,393
'
4, 1875.
,
*
#480,447
494,191
Pkes
939
7,240 #2,884,626
Manufactures of wool.... 1,149
cotton., 1.107
do
152,663
THE D iY GOOD3 TRAD 3
ceding week.
990
Total
■
There lias been a better
dry goods
Pkge. Value.
#842,632
1,620
762,642
2,35!
..
Estimated.
Manufactures of wool....
cotton.
do
silk....
do
flax....
do
,
SAME PERIOD.
168,692
6,564,715
6.439,983
6,028,815
6 159,571
1873
,
WITHDRAWN
110,000
12,201,7^4
...12,386,967
CONSUMPTION FOB TUB WEEK ENDING MARCH
ENTERED FOR
11,696
3,073
'348,420
169.693
150.000
..
been
goods, and the market shows more general activity in the
medium and low-priced fabrics.
Silks are in fair demand, but do
not show a very sharp trade.
White goods are quiet, while
linens sell moderately in housekeeping lines, and dress goods are
selling in a limited way to the Southern trade.
The importations of dry goo is at this pore for the week ending
March 4, 1875, and the corresponding weeks of 1874 and 1873
in
Corn,
is
while the finer
1,500
Wheat
bush.
Baltimore.
February 20, 1375
February I t, 1875
February 6, 1875
February 28, 1871
10.000
•
bush.
the market
and have
points of accumulation at lake and
by rail, on the Lakes and on the New
Rail shipments
Afloat in New York*.
Total
Total in store and in tram
.
ti RAIN,
794,548
..
bush.
120,300
8,493
9.202,763
5,961.513
3,506.539
Feb. 27, 1S75
In store at New York..
In store at Albany
.
825,694
780,391
297,935
..
Same time
.
....
109,986
Total.
Previous week
Cor. week ’71
bush.
168,025
25,607
5,000
,
49,600
17,150
13,290
Philudeljdiia
bush.
622.887
88,458
maintained more by this fact than by the
amount of trade doing.
The low and medium grades of cassi.
meres are
slow, as the wants of clothiers are mostly supplied,
ana
14,110
11,800
11,653
3,615
2,540
11,577
Tlie stick of all lines is light,
market shows no new features.
bush.
11,856
43,629
45,453
71,089
271,266
623.705
981 051
529,170
.
advance on several
and strong, with an
remain very
busb.
W
Flour,
Weekending—
Feb. 27, 1875
Feb. 20, 1875
Corresp’ng week 1874
active
910.560
25,951,230 14,172,335 5,047,458
32,397,877 1 5,474,68 ) 6.201,503
3.174.549 34,500,243 35,348,778 14,931.760 7.459,015
Total Aug. 1 to date... 3.187,604 40,711.450
Same time 1873-74. .. 3,756,34 2 55,492.98 2
dd cntM for
....
annex
a
No. 0
No, 1..
NO, 7
62.385
79.302
26,518
810
732
178
586
239
$404,539
1,980,032
2,545
6,897 $2,384,621
9,660
7,115
#322,294
180,619
221,860
135.933
40,461
#991,167
2,832,875
leading- articles of domestic
quoted being those ot leading jobbers:
Cotton Sail Duck.
Woodberrv and
Mills.
No 5
No. 6
85,012
few particulars of
'
No, 4
$151,342
337
68
275
854
4,975
16.982 #4,033,514
manufacture,our prices
No. 2
No 3
388
1,922
9,742 #1,118,888
2,884,626
consumnt'n 7,240
Total entered ai the port
vVe
277,294
306,057
134,466
48,709
...
Druid
42
40
38
36
34
32
30
S8
No. 8
No. 9
No. 10
26
.
.
Light duck—
Bear (8 oz.) 29 in..
do heavy(9oz.)...
Moat.Ravens 29in.
do
40in,
24
22
19
21
20
M
Ontario and Woodberry
USA Standard 23tf 1°;
do
8 oz. 22
do
9 oz. 24
10 oz. 26
do
12 oz. 31
do
do
15 oz. 38
Ontario Twb, 29in,
do
Ex
86in,
18
83
twli’TolbemV W
@FedFRASER